Finance Mortgage Banking
FNC Automation Ensures HVCC Compliance for Mortgage Lenders
May 09, 2008
FNC's premier analytic product-GAAR (Generally Accepted Appraisal Rules) - can help lenders comply with provisions that will require them to report the results of quality control testing, officials of the mortgage technology company have reported.
Rockwall I and II. JPG Takes 2 Bethesda Office Buildings for $80M
May 08, 2008
The JBG Cos. has bought two North Bethesda, Md., properties for $80 million. Together, the class A buildings contain 346,000 square feet. The are located on the Rockville Pike near the Montgomery Mall.
NorthMarq Mortgage for River West Lofts in Chicago
May 07, 2008
Sue Blumberg, senior vice president and managing director of NorthMarq Capital Inc.’s Chicago Regional office, arranged third mortgage financing of $3.9 million for River West Lofts, a 158-unit multi-family property, located in Chicago, Ill.
Sollen Technologies Partners with Harland Financial Solutions
May 05, 2008
Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has entered into an alliance relationship with Harland Financial Solutions.
CalHFA Commits $2.4M for Affordable, Seniors MF
May 05, 2008
The California Housing Finance Agency (CalHFA) is once again teaming up with Habitat for Humanity to provide $2.43 million for first mortgages to stimulate new homeownership opportunities for more Californians.
Brookfield Real Estate Services Fund Announces Interest Rate Swap Agreement
May 05, 2008
Brookfield Real Estate Services Fund has announced that it has completed an interest rate swap agreement with the Canadian Imperial Bank of Commerce, which fixes the interest rate on its recently completed $15 million term facility at 4.29 percent with effect from April 7, 2008.
Silver State Bancorp Takes Loss
May 01, 2008
Silver State Bancorp. has been hit by the bad real estate markets in Nevada and Arizona, according to a report in The Business Journal of Phoenix.
First Financial Markets $400M in M-F Loans
April 30, 2008
It's a sign of the times. Acting on behalf of a top banking institution, First Financial Network Inc. has just commenced an offering of more than $400 million in real estate loans on multi-family properties in the South and Southeast.
Simons Says Will Focus on Redevelopment
April 30, 2008
At the Simon Property Group's first quarter 2008 earnings conference call David Simon, Chairman & CEO reported that first quarter FFO was $1.46 per share, up 6.6 percent over a year ago.
Arbor Appoints Reisert to Senior Vice President, Capital Markets
April 29, 2008
Commercial Mortgage L.L.C. has tapped Peter Reisert to be senior vice president of its capital markets department.hn Caulfield, executive vice president, director of operations.
GE Provides $100M to Recapitalize 330 Wabash in Chicago
April 28, 2008
GE Real Estate has announced it provided a $100 million on-book bridge loan to an affiliate of Prime Group Realty Trust to recapitalize and reposition 330 N. Wabash, a Class A office building located in the River North area of Chicago, Ill.
Franklin Wisconsin Hospital to Open
April 28, 2008
Wheaton Franciscan Healthcare's hospital in Franklin, Wisc., is set to open today, according to a report by Alysha Schertz of Wilwaukee's Small Business Times.
Bissell to Take Industrial in Illinois
April 28, 2008
On behalf of Bissell Homecare, Inc., Binswanger is pleased to announce the completion of negotiations for a 500,000-square-foot, build-to-suit distribution facility to be developed by CenterPoint Properties and built on a 36-acre land parcel located in the CenterPoint Intermodal Center in Elwood, Ill.
Glimcher Finances Colonial Park Mall
April 24, 2008
Glimcher Realty Trust has recently completed a $42 million mortgage loan financing on Colonial Park Mall in Harrisburg, Pa.
Carlton Arranges $63M Bridge Loan
April 15, 2008
Carlton has closed successfully a $63 million floating rate, three-year bridge loan for the acquisition and repositioning of Fort Lee Executive Park, a 609,000 square foot class A office complex located 10 minutes from Manhattan in Fort Lee, N.J.
billy brocida Procida Steps Down as Palisades Financial CEO, Plans to Focus on Repositioning Vehicle
April 10, 2008
William “Billy” Procida, a founding member of Palisades Financial, has left the real estate banking and advisory firm based in Fort Lee, N.J., and plans to focus on advising distressed projects and businesses.
Midland-Odessa Portfolio Gets $130M Funding
April 09, 2008
Midland-Odessa PortfoliArbor Commercial Funding L.L.C.has announced the $130 million funding through Fannie Mae to acquire 21 properties. o Gets $130M Funding
WaMu to Raise $7B, Shutter Some Stores
April 09, 2008
Washington Mutual Inc. has announced that it entered into definitive agreements to raise an aggregate $7 billion through direct sale of equity securities to an investment vehicle managed by TPG Capital, and to other investors, including many of WaMu's top institutional shareholders.
Don Phillips Phillips Development Takes 2 in Tampa
April 03, 2008
Phillips Development & Realty has purchased two separate new properties in southern Florida, it has reported. This will expand the company's business in the area near its Tampa office headquarters.
Comcast Center in Philadelphia Gets $324M Funding
April 01, 2008
Liberty Property Trust's Liberty/Commerz 1701 JFK Boulevard L.P. has closed $324 million in permanent financing for Comcast Center, it has reported.
EagleBridge Capital Arranges $41M Mortgage
for Nantucket Condotel
April 01, 2008
Working exclusively on behalf of the developer, Ted Sidel and Brian Sheehan of EagleBridge Capital have arranged construction financing of $40.5 million for the Residences at Point Breeze, a luxury condominium hotel Nantucket in Massachusetts, the firm has reported.
Younan Younan Creates New Finance Group to Acquire Under-Performing Loans
April 01, 2008
Younan Properties Inc. is taking advantage of the instability in the debt markets by forming a new commercial debt group and opportunity fund to invest up to $200 million in underperforming loans and distressed office properties.
KKR Financial Sells Interest in REIT, Gets Out of Mortgage Business
April 01, 2008
KKR Financial Holdings L.L.C., an affiliate of buyout firm Kohlberg Kravis Roberts & Co. specializing in debt investments, has agreed to sell a controlling interest in its real estate investment trust, KKR Financial Corp.
Kingsley Greenland Q&A: Portfolio Performance Leading to More Loan Sales, Says DebtX Chief
March 31, 2008
DebtX, a loan sale advisor for commercial debt, announced last week that it would sell more than $380 million in commercial real estate loans secured by properties in the southeastern United States.
Forest City Closes on $680M Financing for Manhattan Project
March 28, 2008
Forest City Ratner Cos. has announced the closing of $680 million in construction financing for its mixed-use Beekman development in lower Manhattan.
 

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