Below are our featured recent loan closings:

San Francisco Bay Area, CA $8,875,000 Hard Money A&D Raw Land
Syracuse, UT $975,000 5 year fixed Starbucks
Commitment Letter Murrells Inlet, SC $17,264,000 Marina Financing
Anaheim, CA $2,250,000 10 Year Interest Only Strip Center
Sacramento, CA $1,350,000 10 Year Fixed Metal Buildings
Reseda, CA $2,300,000 8 Unit Condominium Conversion
Chino, CA $500,000 7 year Fixed Headquarters of 12 Unit Regional Restaurant Chain
Orange, CA $4,200,000 5 year Fixed Combination Strip Center/Warehouse Loan
Meza, AZ $2,000,000 Construction Loan Townhomes
Atlanta, GA Georgia Tech University $61,000,000 75% LTV 1st TD $11,000,000 15% LTV 2nd TD (2nd TD in the form of Mezzanine Financing) 90% LTV Construction Loan Private Student Housing Loan
Corona, CA $9,900,000 10 year Fixed Industrial Building Loan
Rancho Mirage, CA $5,800,000 R1 Construction Loan 80% LTV 1st of 5 Phases Foreclosure / Takeover 40 Day Close
Palm Springs, CA $1,350,000 Boutique 15 Room Hotel Loan
Irvine,CA $2,495,000 Non-Performing Warehouse Loan
Torrance, CA $1,147,500 5 Year Fixed Industrial Building Loan
Darien, CT $5,675,000 5 Year Fixed 2 Small Strip Centers Loan
Thousand Oaks, CA $1,100,000 Old Strip Center Loan Private Financing 75% LTV
Huntington Park, CA $12,500,000 "Dark" Shopping Center Loan
Murrieta, CA $5,200,000 Raw Land Loan In Foreclosure
Apple Valley, CA $6,600,000 Sale Raw Land Loan In Brankruptcy 40 Day Close
Las Vegas, NV $2,400,000 R1 with Banquet Income Facilities Loan
Newport Beach, CA $2,000,000 R1 Construction Loan 10 Day Close
Palm Springs, CA $7,100,000 R1 Construction Loan 75% LTV 1st of 4 Phases 26 Day Close
Monterey, CA $7,500,000 40 Acres Raw Land Loan $4,000,000 Purchase Price 8 Day Close

 

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Commercial Real Estate News & Analysis

Manhattan Tower Sells for $1B
Silverstein Properties and the California State Teachers’ Retirement System (CalSTRS) have joined together to purchase the Manhattan Tower located at 1177 Avenue of the Americas for just over $1 billion.  The 47-story tower consists of just over one million square feet, making the sale about $1000 per square foot. The art deco tower was designed by Swanke [...]
280 Park Avenue Sold For $1.28B
Broadway Partners and Investcorp Real Estate have joined together to purchase 280 Park Avenue Istithmar for $1.28B.  The Property consists of two towers totaling 1,237,000 square feet, making the sale just over $1000 per square foot.  The Dubai based firm Istithmar purchased the towers in June 2006 for $1.2B.  The towers stand tall at 31 and 43 stories, bridged together by a [...]
Germans buy the Rookery for $73M
An unknown wealthy German family purchases the Rookery for $73.4M from Broadway Partners.  The 285,706 square foot building is located at 209 South LaSalle Street, Chicago.  The twelve story building was constructed in 1888 and renovated in 1991.  The building is a National Historical Landmark and has received numerous design awards.  At the time of sale it was reported [...]
Professional Packaging Systems Leases 104,000SF
Professional Packaging Systems LLP will occupy 104,000 square feet of industrial space in Grand Prairie, Texas.  The property is located at 2002 Avenue R, just south of the North Carrier Parkway and East of the Great Southwest Parkway.  The property is owned by ML Realty Partners headquartered in Addison, Texas.  Professional Packaging Systems is a national discount supplier [...]
Surface Guard Leases 107,000SF
Surface Guard Inc. renewed a lease of 107,000SF in Aurora.  The lease is comprised of two buildings, located at 515 and 615 Enterprise Street.  The two buildings are owned and managed by Duke Realty. No information was made available regarding the lease rate. Surface Guard specializes in the manufacturing of surface protection films.   Surface Guard was represented by [...]

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