#refinancing

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commercial-real-estate
therealdeal.com
1 month ago
LA real estate

Lincoln Property Lands $65M Refi of West LA Office Campus

Lincoln Property secures a $65 million loan to refinance Wateridge campus in Ladera Heights.
The property includes office buildings, tenants like Kaiser Health Foundation, and mixed-use facilities such as a gym and retail center. [ more ]
therealdeal.com
4 months ago
LA real estate

$21B in CMBS Loans Will Come Due Across LA, OC in 2024

$21 billion worth of debt backed by L.A. and O.C. properties will mature in 2024
Nearly 60% of the CMBS and CLO loans coming due this year are in special servicing or watchlisted [ more ]
therealdeal.com
4 months ago
LA real estate

Craig Realty Scores Refinance for San Clemente Outlet Mall

Craig Realty has refinanced the Outlets at San Clemente in Orange County with loans from Pacific Life Insurance and MetLife.
Insurance firms have remained active in commercial real estate lending, while banks have pulled back due to concerns around existing exposure. [ more ]
morecommercial-real-estate
www.housingwire.com
3 days ago
Business

Mortgage applications tick up as interest rates ease: MBA

Mortgage demand increased by 2.6% as interest rates fell due to a slowing job market and Federal Reserve's plans to ease quantitative tightening.
First-time homebuyers heavily rely on government lending programs like FHA loans for financing. [ more ]
www.housingwire.com
1 day ago
Business

Reverse mortgage volume and HMBS issuance improve in April

Refi volume dropped 3.4% due to higher rates, but some top lenders saw gains. RMI President Lunde advocates cautious optimism, citing steady gains and focus on H4P niche. [ more ]
RAIN News
5 days ago
Marketing

Cumulus Q1: Digital up. Total revenue down. "Considerable runway." - RAIN News

Refinanced capital structure with favorable terms, resulting in reduced debt, lower interest rates, and increased asset-based lending.
Focused on digital growth, accelerating digital marketing services to increase revenue while facing challenges in overall revenue and specific categories. [ more ]
therealdeal.com
1 month ago
LA real estate

Pacific Equity Scores $135M Loan on Malibu Retail Project

Pacific Equity Partners secured $135 million loan to refinance Cross Creek Ranch in Malibu.
The property includes 60% retail and 40% office space, valued at over $1,200 per square foot. [ more ]
therealdeal.com
3 months ago
LA real estate

Developer Panku Scores $82M Refinance on Irvine Apartments

Real estate firm Panku has refinanced an apartment complex in Irvine with an $82 million loan from Western & Southern Life Assurance.
The loan was used to pay off outstanding debt and reimburse cost overruns for the project.
Insurance companies are becoming one of the few lenders willing to provide debt for multifamily projects. [ more ]
therealdeal.com
3 months ago
LA real estate

Mall Owner Macerich Posts 3,600% Profit Jump in Q4

Macerich reported a net income of $62.2 million in Q4 of 2023, a significant increase from the previous year.
Macerich closed refinancing deals on some of its debt and had a high occupancy rate in its portfolio at the end of 2023. [ more ]
therealdeal.com
3 months ago
LA real estate

CalSTRS scores $70M Refinance on West LA Office Building

The California State Teachers' Retirement System (CalSTRS) has received a $70 million loan to refinance its office building on Wilshire Boulevard.
Wells Fargo Bank provided the senior mortgage, and $51.5 million of the loan will be included in a commercial mortgage-backed securities (CMBS) deal. [ more ]
therealdeal.com
5 months ago
LA real estate

Coretrust Capital's Pasadena Office Campus Goes to Auction

Coretrust Capital Partners will see its 640,000-square-foot office campus in Pasadena go to auction after defaulting on a $271 million loan.
The auction was initiated by Heitman, the lender based in Chicago, and is scheduled for December 20th.
The sale of the property will go towards paying off debts secured by its deed of trust. [ more ]
SFGATE
1 month ago
SF real estate

U.S. 30-year mortgage rate drops below 7%, spurring home purchases

US mortgage rates below 7% for the first time in a month, boosting home purchase applications.
30-year fixed mortgage rate drops 18 basis points to 6.84%, the biggest decline in three months. [ more ]
www.independent.co.uk
2 months ago
UK news

Nationwide hikes mortgage rates as swaps rise

Nationwide is increasing mortgage rates by up to 0.25 percentage points.
The average two-year fixed mortgage rate saw its biggest monthly decrease since December 2022 in February. [ more ]
Alleywatch
3 months ago
Education

Fintech's Leap Forward: Revolutionizing Student Financial Management

Fintech revolutionizes student loan refinancing
Fintech provides customized banking experiences for students [ more ]
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