|
|
|
|
Complete list of specialty news sections.
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.
Archive of MortgageDaily.com stories by month going back to 1999.
Reports and announcements from MortgageDaily.com.
Data and statistics for real estate finance.
Directories of lenders, branch operators and mortgage service providers.
Directories of lenders, branch operators and mortgage service providers.
|
|
|
|
The Corsicana Brothers
Last week's commercial loan originations
April 24, 2002
By SAM GARCIA |
|
|
Holliday Fenoglio Fowler, L.P. arranged financing for a Dallas 16-story office tower through Aegon USA Realty Advisors, a life insurance company lender. The $19 million loan is secured by 8333 Douglas Avenue, a Class A property built in 1975.
Holliday also provided $18.3 million in financing for 100 Southgate Parkway, a 150,000 square foot building located in Morris Township, New Jersey. The loan was secured from an undisclosed midwest life insurance company for an undisclosed borrower.
PW Funding Inc. provided $3.2 million in mortgage financing for two Oklahoma apartment complexes under Fannie Mae's Multifamily Affordable Housing program. The first complex, Chapel Ridge Apartments in Pauls Valley, is a 149 unit garden apartment complex. A Regulatory Agreement on that property indicates that some
of the units are to be rented to low income residents. The 7.93% loan on Chapel Ridge has a debt service coverage ratio (DSCR) of 1.20 times (x) and a loan to value (LTV) of 77%. The second complex, Brookstone Park Apartments in Bristow, is a 31 unit garden apartment complex also with a regulatory agreement requiring some of the units be rented to low income residents. The 8.03% loan has a DSCR of 1.20x and an LTV of 80%. |

Brookstone Park Apartments
|
|
MortgageDaily.com
|
GlobeSt.com reported the following transactions:
Broker
|
Lender
|
Borrower
|
Property (ies)
|
Loan Amount
|
Term
|
Rate
|
|
Fleet Bank |
Newark Renaissance House |
abuse treatment facility, Newark, NJ |
$3.6 mil |
constr loan converts to mortgage |
|
|
|
|
|
|
|
|
Welsh Capital |
|
|
- Pine Tree Apartments, St. Paul, a 199-unit residential complex
- Emerald Point Apartments, St. Paul, a 164-unit residential complex
- 1111 Seventh Ave South, Minneapolis, a 42-unit residential complex
- 1414 Third Street South, Minneapolis, a 70-unit residential complex
- Beverly Apartments, Anoka, a 52-unit residential complex
- Robert Square Shopping Center, St. Paul, a 24,000-sf retail center
|
$18 mil |
|
|
|
|
|
|
|
|
|
NorthMarq Capital |
Citywide Banks of Denver |
|
Clear Creek Commons, a 45-unit senior housing/independent living facility in Golden, CO |
$6.5 mil |
constr loan |
|
|
|
|
|
|
|
|
Holliday Fenoglio Fowler, L.P. |
JP Morgan Mortgage Capital |
Windrose Housing LP |
Windrose Apartments, Kansas City, MO |
$9.8 mil |
|
|
|
|
|
|
|
|
|
Holliday Fenoglio Fowler, L.P. |
American United Life |
Acme Supermarket |
Retail property in Randolph, NJ |
4.35 mil |
|
|
|
|
|
|
|
|
|
Tremont Realty Capital |
Northwestern Mutual |
Kimco Realty Corp. of Florida |
350,000-sf warehouse leased to Kohl's, Corsicana, TX |
$8.5 mil |
19.5 years |
6.6% |
|
|
|
|
|
|
|
NorthMarq Capital |
|
|
150,873-sf office bldg at 11080 Circle Point Rd, Westminster, CO, & 89,739-sf warehouse 4520 Florence St, Denver, CO |
$19.25 mil |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sam Garcia has been in mortgage lending since 1980, and is managing editor of MortgageDaily.com. He also owns and operates CloseNow.com, a real estate portal site.
email: [email protected]
Copyright © 2002 Sam Garcia
|
hosted by USANow.net
|
|
|
Subsribers Only:
|
 |
|
More Mortgage News Resources
|
|
|
|
|