HFF has arranged $19.1 million in acquisition financing for a 32,000 s/f office property.
Working on behalf of the borrower, Winn Properties, HFF placed the 10-year fixed-rate loan with Cantor Commercial Real Estate. The loan proceeds were used to acquire the property in a sale-leaseback transaction.
The property is 100% leased to the national headquarters of an institutional equity trading corporation.
The HFF team representing Win Properties was led by senior managing director Michael Tepedino with real estate analyst David Fowler.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 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, advisory services, structured finance, private equity, loan sales and commercial loan servicing.