Savills advised CareTrust REIT as the sole buy-side adviser on the off-market acquisition.
CRE Herald
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Specialist bridging lender Aspen has completed a £2.475 million Bridge-to-Let facility for the acquisition of a four-bedroom penthouse in the Royal Borough of Kensington and Chelsea, marking its second prime central London transaction within seven days. The deal was completed in under three weeks, funding the auction purchase of a property extending to more than…
What this means for commercial mortgage brokers The Calgary suburban office market recovery has direct implications for brokers arranging commercial financing in Alberta. When vacancy tightens and absorption turns positive, lenders gain confidence in the income stability of office assets. That shifts credit conditions: cap rates compress, debt serviceability improves, and refinancing conversations become more…
The borrower fought back and filed counterclaims. Both sides sought summary judgment – a decision without a full trial – and on January 11, 2024, the trial court ruled for Wells Fargo and entered a foreclosure judgment. Events moved quickly. The sheriff received the order of sale on February 7, 2024. The borrower appealed and…
PennyMac Financial Services admitted its second quarter results failed to meet expectations because of high interest rates, as well as funding the technology initiatives in artificial intelligence and automation. Processing Content “Although our operational execution remains solid, these results fell short of our expectations as interest rates increased and origination demand declined,” Chairman and CEO…
CBRE announced it arranged $67.4 million in financing for Forge North First, a mixed-phase industrial/R&D campus and advanced manufacturing development in San Jose’s Golden Triangle submarket. Mike Walker, Brad Zampa, and Andy Gross of CBRE’s Debt & Structured Finance team in San Francisco arranged the five-year bridge loan with floating-rate, non-recourse financing from an institutional lender on behalf of…
In public appearances this week, a number of top Federal Reserve officials signaled a strict crackdown on sticky inflation, setting a hawkish tone ahead of the next policy meeting later this month. Fed Chairman Kevin Warsh made his first Congressional appearance in the new role on Tuesday, telling lawmakers that members of the rate-setting Federal…