CAPRE’s Commercial Real Estate Headlines for October 29, 2019

Check out the latest deals and developments in commercial real estate for October 29, 2019: TPG RE Finance Trust, Inc. Closes $1.2 Billion Commercial Real Estate CLO: TPG RE Finance Trust, Inc has announced the closing of TRTX 2019-FL3, a $1.23 Billion USD managed Commercial Real Estate Collateralized Loan Obligation with a 24-month reinvestment period. The Company placed $1.04 billion of investment grade bonds with third party institutional investors. TRTX 2019-FL3 has an advance rate of 84.5%, and a weighted average interest rate at issuance of LIBOR plus 1.44% before transaction costs. The CRE CLO financed 22 existing TRTX first mortgage loan investments, comprising 20 pari passu participation interests and two whole loans. TPG RE Finance Trust Management, L.P., TRTX’s external manager, is the collateral manager for the CRE CLO. Proceeds will be used to retire borrowings under certain of the Company’s secured credit facilities, and to fund new investments. David Frasz Joins Hunt Real Estate Capital as Vice President, Commercial Loan Originations: David Frasz has joined Hunt Real Estate Capital as Vice President. In this role, Frasz will focus on originating Fannie Mae and Freddie Mac small balance multifamily loans nationwide. He is based in Washington, D.C. and reports to Owen Breheny, Managing Director. Prior to joining Hunt Real Estate Capital, Frasz was a Vice President on the production team at Capital One Multifamily Finance. Before Capital One, he held key roles with Arbor Realty Trust, where he developed…