CHICAGO--(Business Wire)--
The Loan Sales group of HFF (Holliday Fenoglio Fowler, L.P.) announced today it
consummated the sale of 19 well-performing first mortgage commercial loans on
behalf of AEGON USA Realty Advisors.
HFF senior managing director Stuart Salins represented the seller in the
transaction.
The 19 loans range in size from approximately $2 million to $7.5 million, with
an aggregate face amount of approximately $78.5 million. Approximately 40% of
the loans have a coupon of less than 5.5%. The loans are secured by retail
centers, industrial/warehouse and office buildings, a mobile home park and
multi-housing properties located in 11 states.
The loans were sold to one institutional investor at pricing that ranged between
a modest discount to a slight premium over par.
"The loans are well-underwritten and well-performing and the sale was motivated
by a desire of the seller to slightly rebalance its portfolio," said Salins.
HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider
of commercial real estate and capital markets services to the U.S. commercial
real estate industry. HFF offers clients a fully integrated national capital
markets platform including debt placement, investment sales, advisory services,
structured finance, private equity, loan sales and commercial loan servicing.
www.hfflp.com.
HFF Senior Managing Director
Stuart M. Salins,312-528-3678
ssalins@hfflp.com
or
HFF Associate Director, Marketing
Kristen M. Murphy,713-852-3500
krmurphy@hfflp.com
Copyright Business Wire 2009
