Latest news with #bonddeal
Bloomberg
03-06-2025
- Business
- Bloomberg
Palm Beach Housing Crunch Spurs $236 Million Muni Deal for Dorms
Student housing is so tight at Palm Beach Atlantic University that some applicants have chosen not to enroll. A $235.8 million high-yield bond deal is the school's bet to reverse that trend. Palm Beach County will issue the muni bonds on behalf of an arm of Provident Resources Group, an organization that specializes in student housing. Proceeds of the debt will finance the construction of roughly 275 housing units with 990 beds at the Christian college in West Palm Beach, Florida. The deal includes $212.7 million in senior revenue bonds and $23.1 million in subordinate bonds. Both series will include securities with a 40-year tenor, reaching maturity in 2065, according to preliminary offering documents.
Bloomberg
13-05-2025
- Business
- Bloomberg
Arbor Realty Bundles Rental Loans in Its First CLO Deal Since 2022
Arbor Realty Trust Inc. is returning to securitization markets for the first time in three years as it looks to package up loans secured by apartment rental properties. The commercial real estate lender is close to finalizing a bond deal that would raise over $800 million in a process being led by JPMorgan Chase & Co., said people familiar with the matter, who asked for anonymity to discuss sensitive information.
