Hints and tips:
...Gramercy has made a big push into asset-backed loans that he said offer higher yields and provide better protection in the event of defaults....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...The project is currently marketing 294 apartments and has 66m sq ft of residential space....
...It has restarted construction of the Venice site and has begun selling apartments....
...Ganieva says she signed another, nearly identical “loan agreement” in 2013....
...Only weeks ago, it was revealed that Mr Neumann had raised at least $700m through share sales and loans backed by his stake in the business in recent years....
...The New York apartment market has experienced a 17 per cent price decline this year, according to Green Street. 5....
...The company, VentureMFO LLC, is in the database as borrowing between $5m and $10m, the maximum amount available, and retaining a single employee....
...Alphaville was recently flipping through the Paycheck Protection Program (PPP) data dump from the US Treasury and came across loans for two entities called Delight Holdco I LLC and Delight Holdco II LLC....
...The tenant makes loan repayments rather than paying rent. Operators receive a year of rent from the loan, while paying landlords only monthly....
...Outstanding loans to developers from onshore financial institutions totalled Rmb10.1tn ($1.5tn) at the end of September, according to central bank data....
...The company missed expectations in the first two quarters after issuance, in reaction to which the first lien loan traded down by as much as five points and the high-yield bonds traded down by as much as...
...Fannie and Freddie do not lend directly to apartment investors. Instead, they shoulder financial risks on loans that are underwritten by commercial mortgage companies....
...The market for high-end homes in the UK capital had well-publicised problems, including price falls and oversupply of apartments, even before the UK voted to leave the EU....
...He spent $23.9m on a penthouse apartment with a wraparound terrace in the Park Laurel, a Manhattan high-rise. He later sold it to Mr Aziz for $35.5m....
...Hundreds of other developers suffered the same fate — Nama acquired €74bn of loans attached to property assets from Irish banks for €32bn....
...real estate together with construction last year accounted directly for about 10 per cent of GDP, 18 per cent of fixed-asset investment, 10 per cent of urban employment and more than 15 per cent of bank loans...
...The limited liability company (LLC) allows this protection without incurring entity level tax. Unfortunately, these vehicles generally lead to greater tax for UK citizens....
...(Financial Times) “About 60% of the company, or some 23,000 apartments, will go to Equity Residential, the country’s largest publicly traded apartment company, which is controlled by billionaire Sam Zell...
...Morgan Stanley has bought 15 loans on offices, shops and up-market apartments spread along Australia’s Gold Coast, worth about £430m....
...In its focus on big property deals, the firm is currently considering whether to join bidding for General Growth Properties, the bankrupt US mall owner, and for Stuyvesant Town, the New York apartment complex...
...In May 2008, Colony purchased a loan with a face value of about $23.5m on Michael Jackson’s Neverland ranch....
...The two deals are among the only ones since the securtitisation of real estate loans stopped in mid-2008. Freddie Mac has done two deals for apartments buildings, but it is in government receivership....
...The Journal’s analysis includes more than 800 banks that reported having more half of their loans tied up in commercial real-estate, ranging from apartments to office buildings to warehouses. Gulp....
...In a call with investors, Wes Edens, Fortress founder, said the firms that Fortress had invested in, whose activities ranged from apartment buildings in Germany to a railroad in Florida, are asset rich and...
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