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Commercial Lending March 31, 2008
Volume of Maturing Commercial/Multifamily Mortgages to Be Low in Coming Years
The Mortgage Bankers Association (MBA) is today reporting that the commercial and multifamily mortgage market faces limited exposure to refinance risks stemming from the current credit crunch through the release of its Research DataNote. The report notes that relatively few commercial/multifamily mortgages will mature in the next two years. -- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 03/21/2008
GEORGE MCGOVERN OF LOVE FUNDING’S CLEVELAND OFFICE SECURES FHA LOAN FOR HIGHLAND CREST APARTMENTS
National mortgage-baking firm Love Funding today announced that its Cleveland office closed a $358,000 loan for Highland Crest Apartments, a 20-unit multifamily complex in Toledo, Ohio. George McGovern, who serves as Director of Affordable Housing for Love Funding and as President of Love Funding’s broker/dealer underwriting service, LFC Securities, LLC, originated the transaction. -- Love Funding Corp.,Robyn Cunningham,Cleveland Oh 03/20/2008
HFF secures refinancing for Doubletree Hotel Pittsburgh Airport
The Pittsburgh office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a refinancing for the Doubletree Hotel Pittsburgh Airport in Pittsburgh, Pennsylvania. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,PITTSBURGH pa 03/18/2008
HFF arranges $6.3 million refinancing for two New Jersey nursing homes
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged refinancing totaling $6.3 million for Morris Hills and Waterview nursing homes in Morristown and Cedar Grove, New Jersey. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,FLORHAM PARK NJ 03/12/2008
CAMBRIDGE PROVIDES $13.6 MILLION HUD 232 INSURED LOAN TO REFINANCE SKOKIE MEADOWS NURSING CENTER
A $13.6 million FHA-insured HUD loan has been provided by Cambridge Realty Capital Companies to refinance the Skokie Meadows Nursing Center, a combined 224-bed intermediate care and board and care facility in Skokie, Illinois. -- Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois 03/12/2008
Hanley Investment Group Represents Seller in Sale of $7,380,000
Starbucks-Anchored Shopping Center in Ontario, Calif. -- Monaghan Communications,Edward Hanley,newport beach California 03/12/2008
HFF arranges first mortgage financing for USPS Circle City Station in downtown Indianapolis
The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged first mortgage financing for the United States Postal Service (USPS) Circle City Station Building in downtown Indianapolis, Indiana. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,INDIANAPOLIS IN 03/12/2008
Record Increase in Multifamily Mortgage Debt Outstanding Led By GSEs
The level of commercial/multifamily mortgage debt outstanding grew by 2.6 percent in the fourth quarter, exceeding $3.3 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. The total was an increase of $356 billion or 12 percent from the end of 2006. -- Mortgage Bankers Association of America,John Ferber,Washington District of Columbia 03/12/2008
HFF closes sale of and secures financing for southwest Houston retail center
The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of and secured financing for Sharpstown Court, an 84,188-square-foot retail center in southwest Houston. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Houston TX 03/06/2008
IAS Launches First Neighborhood Level Housing Price Volatility Index
“Intelligent Market Volatility Index” Provides Unprecedented Accuracy with Real-Time Real Estate Market Volatility Data -- Integrated Asset Services,Inc.,Broker Support,Denver Colorado 03/06/2008
Hanley Investment (HI) Urban Retail Advisors Lists Landmark Los Angeles Location for $23,000,000
Historic Mixed-Use Retail/Office Investment Offered at 23-Story Condo Tower The Mercury -- Monaghan Communications,Edward Hanley,Irvine California 03/05/2008
Hanley Investment Group Represents Seller in Sale of $3,115,000 Multi-Tenant Strip Center in Brea, CA - Record Breaking Cap Rate of 4.7%
Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Jeremy S. McChesney and Edward B. Hanley of Hanley Investment Group represented the seller in the sale of a multi-tenant strip center in Brea, Calif. The purchase price was $3,115,000, representing a 4.7 percent cap rate. -- Monaghan Communications,Edward Hanley,newport beach California 03/05/2008
HFF arranges $4 million financing for Catskill, New York condominium community
The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $4 million in financing for Catskill Creek Condominiums at Water’s Edge, a 24-unit condominium community in Catskill, New York. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,FLORHAM PARK NJ 02/29/2008
Capmark Finance Inc. Funds $11.5 Million in Refinancing for Fairfield Inn & Suites Austin NW
Capmark Finance Inc. (Capmark Finance) funded $11.5 million in floating-rate, interim refinancing for Fairfield Inn & Suites Austin NW, a hotel in Austin, Texas. -- Capmark Finance Inc.,Leslie Wojcik,AUSTIN TX 02/21/2008
HFF hires Lee Norman as managing director in Los Angeles office
(Holliday Fenoglio Fowler, L.P.) announced today that it has hired Lee Norman as a managing director in its Los Angeles office focusing on debt and equity placement for all property types throughout the western United States. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Los Angeles CA 02/15/2008
ROBYN CUNNINGHAM OF LOVE FUNDING`S ST. LOUIS OFFICE SECURES $2,210,000 FOR WESTVIEW NURSING HOME
National mortgage-banking firm Love Funding today announced the recent closing of a $2,210,000 refinance loan for the Westview Nursing Home located in Center, Mo. Robyn Cunningham, vice president of Love Funding`s St. Louis office, originated the transaction. -- Love Funding Corp.,Robyn Cunningham,Saint Louis Missouri 02/15/2008
HFF secures $7.4 million financing for office and warehouse facility in Culver City, California
The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $7.4 million in financing for 3975 Landmark Street, a 37,000-square-foot office and warehouse facility in Culver City, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,LOS ANGELES ca 02/15/2008
HFF secures $98 million financing for Jefferson Plaza I & II in Arlington, Virginia
The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured a $98 million financing for Jefferson Plaza I & II, office buildings totaling 517,305 square feet in Arlington, Virginia. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,WASHINGTON DC 02/15/2008
HFF arranges $104 million construction loan for speculative office development in Washington, D.C.
The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $104 million construction loan facility for the development of 901 K Street, a 261,000-square-foot trophy office building located in Washington, D.C.’s central business district. -- HFF (Holliday Fenoglio Fowler, L.P.),,WASHINGTON dc 02/12/2008
HFF arranges $20 million leasehold financing for Waldemere Medical Plaza in Sarasota, Florida
The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $20 million in leasehold financing for Waldemere Medical Plaza, an eight-story, 149,710-square-foot medical office building in Sarasota, Florida. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA 02/12/2008
HFF secures $9.9 million in financing for California boutique hotels
The San Francisco and Orange County offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they secured $9.9 million in financing for The Springs of Palm Springs Hotel in Palm Springs and The Orchid Inn in San Simeon, California. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,SAN FRANCISCO ca 02/12/2008
Eric Werner of Hanley Investment Group Promoted to Vice President
Werner Earns Top Producer Award at HIG -- Hanley Investment Group Real Estate,, 02/12/2008
LAURA SAULL-SMITH OF LOVE FUNDING`S WASHINGTON D.C. OFFICE SECURES $22,762,000 LOAN AND $5 MILLION ACCOUNTS RECEIVABLE FINANCING LINE FOR 328-BED NURSING HOME PORTFOLIO IN MISSISSIPPI
National mortgage-baking firm Love Funding is pleased to announce the recent closing of a $22,762,000 interim bridge loan which funded the purchase of five nursing home facilities in Mississippi. Laura Saull-Smith, senior vice president and senior loan originator with Love Funding`s Washington, D.C., office originated the transaction for the borrower, Briar Hill Management. -- Love Funding Corp.,Laura Saull,Washington dc 02/08/2008