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HFF Closes $78.5 Million Loan Sale For AEGON USA Realty Advisors


  • Press Release
  • Source: HFF
  • On 8:00 am EDT, Monday October 26, 2009

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.

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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 - News) 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.

Contact:

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

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