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The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight landlords, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and a portfolio of rental homes, to cash out — in some cases, to the tune of hundreds of millions of dollars of equity. Bank commercial real estate lenders, who know all too well the cyclical nature of this sector, will want to take a close look at these transactions, details courtesy of our colleagues at Asset Securitization Report.
September 22 -
BankGuam Holding in Hagatna aims to raise $10 million through the sale of preferred stock.
September 21 -
The LegacyTexas Financial Group in Plano sold $50 million in debt to use for possible acquisitions and other purposes.
September 21 -
First Internet Bancorp in Fishers, Ind., said a chargeoff tied to a commercial and industrial loan will hurt its third-quarter results.
September 19 -
Steve Eisman, who profited from the mortgage meltdown, tells an industry crowd why he thinks the financial system is safer under Dodd-Frank, why Silicon Valley is "clueless" about lending and what the next "big short" will be.
September 19 -
The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.
September 16 -
Unity Bancorp in Clinton, N.J., has registered to sell up to $50 million in securities over time.
September 16 -
The $5 billion-asset company said in a press release Thursday that due to market demand it increased the principal amount of the fixed-to-floating subordinated notes from $75 million to $100 million.
September 15 -
Old Dominion National Bank in McLean, Va., has raised $20 million through a private stock offering.
September 14 -
Customers Bancorp in Wyomissing, Pa., is seeking to raise as much as $133.5 million through two avenues: a newly announced preferred stock offering and previously announced secondary sales of common stock.
September 12