Investment vehicles managed by Colony Capital, LLC, a private, international investment firm, including Colony Financial, Inc., a real estate finance company focused on acquiring, originating and managing commercial mortgage loans, announced the consummation of a structured transaction with the Federal Deposit Insurance Corporation.

Starwood Property Trust a real estate investment trust, focused primarily on originating, investing in, and financing commercial mortgage loans and other commercial real estate-related debt investments, today announced that the Company has recently closed three newly originated first mortgage loans for $107.8 million. The three loans have an expected unlevered return of approximately 11.3% inclusive of fees and a weighted average loan to value of approximately 61.5%.

The Chicago office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it has arranged a $156 million refinancing for an eight-property, 2,306-unit multi-housing portfolio in Indiana, Kentucky, Tennessee and Virginia.

A new subprime auto loan securitization is coming to market from Tidewater Finance. The new deal, Tidewater Auto Receivables Trust 2009-A, is $106 million two-tranche deal, which will not be eligible for the Federal Reserve’s TALF program.

A credit event auction was held today for CDS of bond insurer FGIC today. The CDS were valued at 26 cents on the dollar, meaning that sellers of credit protection would have to pay out $740,000 on $1 million in protection.