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HNA unit CWT International defaults on $179 million loan, faces asset seizure

CWT International Ltd, a unit of indebted HNA Group Co Ltd, on Tuesday said it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

Category: topSource: reutersApr 16th, 2019

CWT International defaults on $179 million loan, parent HNA sees no impact on business

CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

Category: topSource: reutersApr 17th, 2019

Meridian brokers $100M Broad St. refinance

Meridian Capital Group arranged $100 million in financing to refinance 90 Broad Street, an office building in New York, on behalf of Princeton International Properties. The loan, provided by a balance sheet lender.....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

Meridian brokers $100M Broad St. refinace

Meridian Capital Group arranged $100 million in financing to refinance 90 Broad Street, an office building in New York, on behalf of Princeton International Properties. The loan, provided by a balance sheet lend.....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

Brodsky borrows on West End Towers

New York Life Real Estate Investors, on behalf of New York Life Insurance Company, announced the financing of a $55 million second mortgage loan secured by West End Towers, a 1,000 unit Class A apartment community in the Upper Westside .....»»

Category: realestateSource: realestateweeklyApr 17th, 2019

City approves a $1.5M loan for redevelopment of Somerset Homes amid procurement questions

Baltimore City's spending board approved a $1.5 million loan Wednesday morning to support a $30.1 million redevelopment of the former Somerset Homes site. The HOME Investment Partnerships Program Loan will go to the developer of the 104-unit project,.....»»

Category: topSource: bizjournalsApr 17th, 2019

Eastern builds bridge loan for Auerbach fund

Eastern Union has secured a $26 million bridge loan to support the acquisition and redevelopment of a 587-unit multi-family property in Houston. The loan amount represents 75 percent of the purchase price and.....»»

Category: realestateSource: realestateweeklyMar 27th, 2019

Sotheby"s sues Park Ave. condo owner for allegedly withholding commission

Sotheby's International Realty is suing the owners of a Park Avenue condominium for allegedly failing to pay the commission on the sale of a $31.5 million unit.In documents filed in state Supreme... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 15th, 2019

Simon Baron closes $105M refinacing deal

Simon Baron Development Group has landed a $105 million loan to refinance its luxury 114-unit rental project at 393 West End Avenue, a pre-war Upper West Side building. The new loan was provid.....»»

Category: realestateSource: realestateweeklyMar 13th, 2019

Pathfinder Bancorp, Inc. Announces Fourth Quarter 2018 Net Income of $1.1 Million

2018 Net Income of $4.0 Million Improves 15.5% Over 2017 Continued Loan Growth and Favorable Asset Quality Metrics Highlight Operating Results OSWEGO.....»»

Category: earningsSource: benzingaFeb 4th, 2019

Jade Signature condo sells for $19M

One of the highest condos in the 57-story Jade Signature in Sunny Isles Beach was sold for $18.5 million. Sunny Isles Beach Associates, an affiliate of developer Fortune International Group, sold the 5,604-square-foot Unit 5503 of the condo at 16901 .....»»

Category: topSource: bizjournalsFeb 4th, 2019

BlackRock elevates executive behind fast-growing ETF unit: memo

BlackRock Inc is giving the executive behind the company's key iShares brand a job overseeing strategy, marketing and international businesses as the world's largest asset manager grooms possible successors to.....»»

Category: topSource: reutersJan 9th, 2019

Citigroup faces $180 million loss on loan to Asia fund

Citigroup Inc. faces losses of as much as $180 million on loans made to an Asian hedge fund whose foreign-exchange wagers went awry, prompting board-level discussions and a business shakeup, according to a person briefed on the matter......»»

Category: topSource: moneycentralDec 18th, 2018

Marriott says Starwood hacked, 500 million customers affected

Marriott International Inc. has been investigating a hack involving unauthorized access to the guest reservation database at its Starwood unit since 2014, in what may be one of the biggest such data breaches......»»

Category: topSource: moneycentralNov 30th, 2018

Marriott says Starwood hacked, 500 million customers affected

Marriott International Inc. has been investigating a hack involving unauthorized access to the guest reservation database at its Starwood unit since 2014, in what may be one of the biggest such data breaches......»»

Category: topSource: moneycentralNov 30th, 2018

Steinhoff"s U.S. unit Mattress Firm exits bankruptcy, shuts 660 stores

Steinhoff International said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection......»»

Category: topSource: reutersNov 22nd, 2018

Steinhoff"s U.S. unit Mattress Firm emerges out of bankruptcy

Steinhoff International said on Thursday that its U.S.-based unit Mattress Firm Inc emerged out of bankruptcy with access to $525 million in exit financing, within two months of after filing for Chapter 11 protection......»»

Category: topSource: reutersNov 22nd, 2018

Square Mile antes up $149M loan for luxury Chicago apartment building

Square Mile Capital Management LLC announced that it has originated a $149 million loan secured by The Gallery on Wells, a 40-story 442-unit multifamily building located in the River North submarket of Chicago, IL. Magellan De.....»»

Category: realestateSource: realestateweeklyNov 14th, 2018

MRC pumps $67M into New Jersey multifamily development

Madison Realty Capital (MRC) closed a $67.5 million loan collateralized by a 205-unit multifamily development project and an adjacent development site approved for 435 multifamily units. The loan facility all.....»»

Category: realestateSource: realestateweeklyNov 14th, 2018

MRC antes up $28M bridge loan for 15 CPW condo

Madison Realty Capital (MRC) has closed a $27.7 million first mortgage loan collateralized by a residential condominium unit located at 15 Central Park West in the Lincoln Square section of Manhattan. MRC provided the bridge loan to.....»»

Category: realestateSource: realestateweeklyOct 31st, 2018

Pathfinder Bancorp, Inc. Third Quarter 2018 Net Income Improves 8.6% to $985,000

Year-To-Date Net Income of $2.9 Million Up 11.7% from 2017 Continued Solid Loan and Deposit Growth and Consistent Asset Quality Metrics Continue to Drive Improved Year-Over-Year Performance OSWEGO, N.Y., Oct. 2.....»»

Category: earningsSource: benzingaOct 26th, 2018