When Ethan Penner and his team in 1992 started originating commercial mortgages with an eye toward securitizing them, few lenders were willing to do so. Times were so desperate that even the best operators had a hard time getting a mortgage for their properties…
Christine Bryant
Mosaic Real Estate Investors has provided $460 million in senior debt to BPM Real Estate Group for a massive planned mixed-use development called Block 216 in Downtown Portland, Ore., according to information from Mosaic.
Borrowers are taking advantage of the crowded debt fund space to find some pretty sweet deals on short-term bridge loans.
The $75 million Timbers Kiawah – Ocean Club & Residences is the South Carolina island’s first new residential oceanfront development in more than 30 years.
While lenders are cautious on hospitality deals, there are a range of options for borrowers looking to secure funding this year…
The Robert Green Company has reeled in a $212.2 million mortgage for construction of new lodging buildings that will augment an existing resort…
Ethan Penner is the Founder and Managing Partner of MREC Management, LLC. He is a recognized pioneer in the field of real estate finance with a 35-year career marked by filling voids and responding to unseen or poorly understood opportunities. Over his career he has been involved in more than $30 billion of mortgage originations.
CRE Finance Council is pleased to announce the Commercial Real Estate Finance Summit – West. The 2019 Summit – West will be held on May 7th and 8th and hosted at the Fairmont Miramar Hotel in Santa Monica, CA.
Ocean V, the hotel arm of developer PNK Group, has secured a $50.9 million loan to convert a dated Historic Core building into a 180-room business hotel Downtown. Mosaic Real Estate Investors provided the loan, arranged by HFF, Commercial Property Executive reported…