HFF Closes $78.5 Million Loan Sale

The loan sales group of Holliday Fenoglio Fowler LP (HFF) has consummated the sale of 19 well-performing first-mortgage commercial loans on behalf of AEGON USA Realty Advisors.

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," says Stuart Salins, an HFF senior managing director who represented the seller in the transaction.

SOURCE: Holliday Fenoglio Fowler LP

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