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Commercial Lending May 15, 2008
149.54 million construction loan arranged by HFF for Class AA office development in Denver, Colorado
The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $149.54 million construction loan for 1800 Larimer, a 495,998-square-foot Class AA, Platinum LEED pre-certified office development in Denver, Colorado. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Dallas Tx 05/14/2008
Commercial/Multifamily Originations Volume Hit Record in 2007 Despite Mid-year Slowdown
The commercial/multifamily originations market grew 19 percent in 2007, with mortgage bankers closing $507.7 billion in commercial/multifamily loans according the Mortgage Bankers Association's 2007 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation. Increases were seen across most property types and most investor groups, and were led by increases in loans for office buildings and loans intended for commercial mortgage-backed security (CMBS), collateralized debt obligations (CDO) and other asset-backed security (ABS) conduits. Intermediated loan volume grew 15 percent between 2006 and 2007 -- Mortgage Bankers Association of America,Jason Vasquez,Washington District of Columbia 05/13/2008
HFF arranges $24.7 million construction loan for multifamily development in Phoenix, Arizona
The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $24.7 million construction loan for West Town Court, a 274-unit multifamily development in Phoenix, Arizona. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,San Diego ca 05/01/2008
$117.65 million in financing secured by HFF for 2.7 million square feet of industrial space
The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $117.65 million in financing for two industrial portfolios totaling approximately 2.7 million square feet in Arizona, California, New Jersey and Washington. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,DALLAS tx 04/23/2008
HFF secures $5.15 million refinancing for Creekside Estates in Vancouver, Washington
The Portland office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured a $5.15 million refinancing for Creekside Estates, a 188-pad manufactured housing community in Vancouver, Washington. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,PORTLAND or 04/23/2008
CAMBRIDGE REPORTS PROCESSING 92 LOAN ORIGINATION REQUESTS IN FIRST QUARTER
Cambridge Realty Capital Companies reports processing 92 loan origination requests during the first quarter of 2008, or almost exactly the same number processed by the company during the same quarter in 2007. -- Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois 04/23/2008
HFF arranges $61 million financing for Florida multifamily portfolio
The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $61 million in financing for two Class A multifamily properties in Tampa and Ocala, Florida. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,MIAMI fl 04/17/2008
HFF arranges $32.98 million financing for downtown Portland, Oregon multifamily high-rise
The Los Angeles and Portland offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged $32.98 million in financing for Harrison Tower Apartments, a 185-unit, high-rise multifamily community in downtown Portland, Oregon. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Los angeles CA 04/10/2008
MBA: Wachovia, Wells Fargo and Bank of America Top U.S. Commercial/Multifamily Originators
Wachovia, Wells Fargo and Bank of America were the top commercial/multifamily originators in 2007, according to the Mortgage Bankers Association (MBA) 4th Annual Commercial/Multifamily Finance Firms Annual Originations Rankings. Other originators in the top 10 include: Deutsche Bank Commercial Real Estate; Credit Suisse; Holliday Fenoglio Fowler, L.P.; Capmark Financial Group Inc.; CBRE|Melody; Goldman, Sachs & Co.; and KeyBank Real Estate Capital. -- Mortgage Bankers Association of America,John Mechem,Washington District of Columbia 04/07/2008
EXPERIENCE BECOMES MORE CRITICAL AS CREDIT WOES SPREAD TO COMMERCIAL REAL ESTATE, EXPERT SAYS
Among commercial lenders, experience has rarely counted for more than it does today as the current credit squeeze has moved from the subprime to the ridiculous in leap-frog fashion, funding expert Jeffrey A. Davis believes. -- Cambridge Realty Capital Ltd,Evan Washington,Chicago Illinois 04/07/2008
HFF arranges $5.65 million refinancing for 1211 Wisconsin Avenue in Washington, D.C.
The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $5.65 million refinancing for 1211 Wisconsin Avenue, an 11-story, 11,349-square-foot retail and office building in Washington, D.C. -- HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Washington dc 04/01/2008
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