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HFF arranges $111.5 million refinancing for seven-property portfolio

DALLAS, TX - HFF announced today that it has arranged a $111.5 million refinancing for a seven-property portfolio totaling approximately 1.4 million square feet across five states.

HFF worked exclusively on behalf of the borrower, Madison Core Property Fund, a real estate fund managed by New York Life Real Estate Investors, to secure the fixed-rate loan that an HFF correspondent life company split into a five- and seven-year tranche.  HFF is also servicing the loan.

The portfolio is 96 percent leased. Individual property details are below: 

Property Name & Location Property Type/Year Built Size
Centerstone Plaza - Irvine, CA Office/Retail/1988   156,880 SF
Bolingbrook - Bolingbrook, IL Industrial/2001  283,630 SF 
Auburn Park - Auburn, WA  Industrial/2008 141,970 SF 
Sumner North - Sumner, WA  Industrial/2007 132,935 SF
Wellington Place - Medford, MA  Multi-housing/2005 137 Units
Pointe at Warner Center - Woodland Hills, CA Multi-housing/2004  136 Units
Reserve at Sugarloaf - Duluth, GA  Multi-housing/2001 333 Units 

The HFF team representing the borrower was led by senior managing director Trey Morsbach and associate director De`On Collins.

New York Life Real Estate Investors is a division of New York Life Investments* and NYL Investors, LLC, wholly-owned subsidiaries of New York Life Insurance Company.  New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. With over $37 billion in assets under management as of June 30, 2014, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S. 

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF).  HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.  

HFF Senior Managing Director
(214) 265-0880

HFF Associate Director, Marketing
(617) 338-0990


*New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary New York Life Investment Management LLC. New York Life Investment Management LLC is a wholly-owned indirect subsidiary of New York Life Insurance Company.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HFF, Inc. via GlobeNewswire