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Invesco Closes $252M in California, Texas, DC Loans
Invesco Real Estate recently participated in $252 million of total financings, originating and closing five loans as part of its rapidly expanding commercial real estate lending platform. The loans will fund various initiatives such as value-add renovations, recapitalization, lease-up bridge, and limited development, across Class A assets within the multifamily, office and industrial sectors.
Invesco’s Charlie Rose says, “As we expand Invesco’s footprint as a nimble, creative lender, these recent closings are representative of our capabilities in the bridge lending space.”
The originations include:
– A mezzanine loan as part of the refinancing of 655 Montgomery, a 263,000 square foot Class A office building in San Francisco (pictured), which included future fundings for capital expenditures and leasing costs
– A mezzanine loan to facilitate the recapitalization and lease up of a recently-delivered 142-unit trophy multifamily asset within City Market at O, 880 P Street, in Washington, DC
– A senior loan for the ground-up development of Perris Gateway Commerce Centre, a 400,000-square-foot Class A warehouse and distribution facility in Southern California’s Inland Empire
– A senior loan to finance the acquisition and comprehensive renovation of Blanco Crossing, a 324-unit multifamily property in San Antonio
– A senior loan to finance the acquisition and lease-up of Haven at Westheimer, a newly- constructed 230-unit multifamily in Houston
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

