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The borrower is a joint venture between Blue Vista and Cabot, Cabot & Forbes, owners of a Class A property in the Brighton submarket.
This article is sponsored by Trimont Trimont struck a deal to acquire Wells Fargo’s non-agency third-party commercial mortgage servicing (CMS) business last year, becoming the largest commercial real estate loan servicer in the US in the process. The Atlanta-based advisory will manage some $640 billion of loans in the US, which is around 11 percent […]
Borrowers are looking to balance the right approach in the current high-rate environment without handicapping themselves for future opportunities, say Bravo Capital’s Aaron Krawitz and Bravo Property Trust’s Gabi Moshayev.
Nuveen Green Capital’s Jessica Bailey talks about the potential runway for the niche financing strategy.
The financing will be used by Steiner NYC to buy out their equity partner JPMorgan Asset Management and capitalize the Hub.
The firm will use the transaction to expand its agency lending capabilities and tee up more exits through its mortgage REIT investments.
The Boston-based manager, in partnership with Brooksville, acquired the property in 2016 for $421.5m.
Blackstone’s maturity reset for the trophy office to 2028 shows managers still can extend loans on offices – as long as the equity is there.
The iconic Chicago skyscraper’s debt will next mature in 2028, with flexibility on further extension options.
The funding will be used to refinance five Class A properties spanning Georgia, New Jersey, South Florida and Washington.