Finance Deals of the Week: Nothing Under $100M
The top five financing deals from March 25 to March 29
By The Editors March 29, 2024 10:00 am
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It’s been a big week for financings with none of the top five falling below $100 million. The top spot was claimed by Oaktree Capital Management and Clearview Hotel Capital who secured $229 million of commercial mortgage-backed securities debt to refinance their Hilton property in Washington, D.C. That was followed by R&V Management and Trammell Crow Residential scoring a $200 million refinancing for a 600-unit multifamily development in Long Beach, Calif.
| Loan Amount | Lender | Borrower | Address | Asset | Broker |
|---|---|---|---|---|---|
| $229 million | Morgan Stanley | Oaktree Capital Management and Clearview Hotel Capital | 1919 Connecticut Avenue; Washington, D.C. | Hotel | CBRE's Tom Traynor, Tom Rugg and Lawrence Britvan |
| $200 million | Kennedy Wilson | R&V Management and Trammel Crow Residential | Alexan West End; Long Beach, Calif. | Residential | CBRE's Bill Chiles, Scott Peterson, Morgan Frase, Tom Traynor and Adam Spengler |
| $172 million | Bank OZK | Turnberry | One Park Tower; Miami | Residential | Berkadia's Alec Fox, Mitch Sinberg, Brad Williamson and Matt Robbins |
| $134 million | Santander Bank and Related Fund Management | Hudson Companies | 975 Nostrand Avenue; Brooklyn | Residential | Cushman & Wakefield's Gideon Gil, Zachary Kraft and Sebastian Sanchez |
| $133 million | BHI | Kolter Group | The Dillon; Atlanta | Residential | N/A |
Finance Deals of the Week reflects deals closed or announced from March 25 to March 29. Information on financings can be sent to editorial@commercialobserver.com.
1919 Connecticut Avenue, 975 Nostrand Avenue, Alexan West End, Deals of the Week, One Park Tower, The Dillon, BHI, Clearview Hotel Capital, Hudson Companies, Kennedy Wilson, Kolter Group, Oaktree Capital Management, R&V Management, Related Fund Management, Santander Bank, Trammell Crow Residential, Turnberry
