NGKF Capital Markets National Loan Sale Advisory Group announce the sale of CCRE’s $112 million fully-performing, adjustable-rate loan portfolio.
The portfolio is collateralized by a variety of high-quality commercial and multi-family assets in Georgia, West Virginia, California and North Carolina.
The Loan Sale Advisory team of NGKF Capital Markets, led by executive managing directors Steven Schultz and John Howley, represented the seller in the transaction.
The buyers consisted of a mix of private equity groups and regional banks. The loans ranged in size from $7.5 million to $49 million.
CCRE, a commercial real estate finance company, specializes in providing financing solutions and expertise to the real estate community. The firm provides underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major US markets.
“The timing of the market cycle and our strong directed marketing campaign made for a very attractive investment opportunity for the buyers with such a geographically diverse portfolio,” said Schultz.
Anthony Orso, chief executive officer of CCRE (Cantor Commercial Real Estate) said, “The Loan Sale team has an in-depth understanding of complex loan sales and we were confident in their ability to effectively market the sale and execute the best transactions.”
NGKF is a part of BGC Partners, a global brokerage company servicing the financial and real estate markets.
