Lender focused on transitional office assets increases sponsor’s original $48.7 million loan on West Midtown mixed-use project to larger maximum commitment August 23, 2021 – Philadelphia – An affiliate of Rubenstein Mortgage Capital (“RMC”), a private mortgage lending platform focused on debt investments secured by U.S. transitional office assets, announced an amendment increase to an […]
August 20, 2021 Encompass Digital Media has renewed its 136,366 s/f lease at Shippan Landing for another six years. The transaction was announced by the property ownership, a joint venture of George Comfort & Sons and an affiliate of Rubenstein Partners, L.P. Financial terms were not disclosed. Encompass is a global managed services company focused […]
In major office markets across the country, potential tenants have been eyeing space more than at any time since the outbreak of the coronavirus pandemic over a year ago. Office demand in major U.S. markets jumped by 28% from February to March, according to a monthly report by VTS, a software provider for commercial real […]
Deal Refinances Previous Loan, Funds Ground Lease Buyout, Provides for Future Lease-up March 1, 2021 – Washington, D.C. – An affiliate of Rubenstein Mortgage Capital (“RMC”), a private mortgage lending platform focused on debt investments secured by U.S. transitional office assets, announced the closing of a $42 million first mortgage loan facility to recapitalize 1801 […]
BY MACK BURKE – FEBRUARY 26, 2021 Rubenstein Mortgage Capital, Rubenstein Partners’ lending arm that’s geared toward extending debt capital for transitional office properties, has provided a $42 million loan to a collection of Washington, D.C.-area owners to recapitalize an office building in the city’s downtown, Commercial Observer has learned. The financing is backed by the roughly […]
