Eurohypo AG closes $10b in loans.Eurohypo AG, the world's largest bank focused chiefly on real estate finance, has continued to reinforce its position as a leading U.S. marketplace commercial real estate lender by originating and closing in excess of over $10 billion in financings during 2005, including several major real estate transactions for its U.S. based clients. Over the last year, Eurohypo AG financed a large diversity of customized commercial real estate loans and financing deals for hotels, residential and office buildings in a variety of major markets across the country including New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Boston, Dallas. San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and L.A. Among the key deals Eurohypo closed in 2005: * Douglas Emmett Realty Advisors: Eurohypo closed $1.8 billion in multi-tranche financing for the refinancing of approximately 9.4 million square feet of Class A office and mixed use properties in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA. * 15 Central Park West in NYC NYC abbr. New York City NYC New York City : Eurohypo AG financed an $898,600,000 loan for the development of a luxury residential building in Manhattan at 15 Central Park West. The project will include approximately 201 residential condominium units aggregating 567,000 square feet, with 24 maid suites, 5 home office units, 55 wine and storage units, and approx. 80,000 square feet of retail space. * Pyramid Companies: Eurohypo AG closed $968.4 million in total financing, including 5 floating rate CMBS CMBS See: Commercial Mortgage Backed Securities loans secured by Class A Super-Regional/Regional malls in New York and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , a revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility and a construction facility. Johannes Boeckmann, general manager of Eurohypo, notes, "Eurohypo is proud of our growth and what we were able to accomplish in 2005. We've successfully expanded our reach by arranging highly structured financings for projects in a range of key U.S. markets and we are pleased to see that our loan portfolio has continued its solid performance. We look forward to continuing to fulfill the financial needs of our all our clients in 2006." |
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