Items Tagged with 'Mezzanine capital'


  • Inside look: Freddie Mac's new affordable rent program and its effect on the multifamily market

    Here's how the new program addresses affordable housing and return on investment
    In a multifamily market struggling to stem the affordable housing crisis, Freddie Mac rolled out a new financial product for multifamily properties that is meant to keep rents affordable for 10 years. HousingWire brings you an inside look at the program, courtesy of its designers at Freddie Mac.
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  • How to Buy a Manhattan Luxury Hotel, No Money Down

    Dubai World’s troubles have hit the Big Apple. Istithmar World Capital, the private equity arm of the Dubai government-controlled holding company, funded $282m in to build the posh W Hotel in Manhattan’s Union Square in 2006, paying $50m in cash and borrowing the remaining $232m. On Tuesday, the building sold at auction for $2m.
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  • Cracks Showing in Commercial Real Estate: Report

    Following up on last week's post which pondered risk-taking in commercial real estate, the Wall Street Journal reported Monday that the national vacancy rate for office buildings rose during the fourth quarter -- the first such rise in four years. From the story:
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  • $163.5 Million CRE Deal Goes Through; Risk-Taking in Commercial Real Estate?

    A bit of deviation from HW's usual fare, but an interesting press statement late yesterday caught my eye -- the New York office of Holliday Fenoglio Fowler, L.P. said that it had arranged a $163.5 million acquisition and pre-development loan for a nearly 1.1 million-square-foot condominium interest in 375 Pearl Street in downtown Manhattan.
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  • American Mortgage Acceptance Cuts 2006 Earnings Guidance By 65 Percent

    American Mortgage Acceptance Company (AMEX:AMC), a real estate investment trust that specializes in multifamily and commercial real estate finance, said late Friday that it had revised its adjusted funds from operations per share guidance for 2006 to a range of $1.08 to $1.13. The company had previously issued AFFO per share guidance in a range of $3.00 to $3.20, and will report 2006 earnings on March 20.
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  • Bank of Scotland Among Partners Launching U.S. Real Estate Mezzanine Fund

    TriLyn LLC and Investcorp announced jointly Monday the formation of a real estate mezzanine fund formed to originate, invest in and hold a wide range of structured mezzanine and other high-yielding debt and preferred equity investments in U.S. commercial and residential real estate. The fund was established with $100 million in initial capital commitments from affiliates of Investcorp and its clients, as well as Bank of Scotland.
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