The HFF team worked on behalf of Spirit Bascom Ventures to arrange the four-year, floating-rate loan with a one-year extension option through Citizens Bank.
closed a $28 million first mortgage loan collateralized by a 191,676 s/f Class A medical office building located in The Heights neighborhood of Houston, TX.
Pembrook Capital Management closed a $20.05 million acquisition package for the Shannon Lake Apartments in Union City, Georgia. The first mortgage bridge loan of $13,575,000 and preferred equity financing of $6,475,000 enables the sponsor to preserve Low-Income Housing Tax Credit income restrictions for all 294 units through its existing LIHTC...
The 85% of leases globally that previously were not reported on balance sheets must now be accounted as the accounting world moves to promote consistency and improve the transparency of financial reporting
Mission Capital Advisors’ Debt and Equity Finance group arranged a non-recourse, floating-rate loan for the acquisition and renovation of a 229-key hotel at 1911 East I-40 in Amarillo, Texas. The existing property, which currently operates as an unflagged hotel, will be re-created as a dual-branded hospitality property comprising a 106-key...