CHICAGO, IL –The Loan Sales group of HFF (Holliday Fenoglio Fowler, L.P.) announced today it consummated the sale of four performing first mortgage commercial loans on behalf of Nationwide Life Insurance Company. HFF senior managing director Stuart Salins and associate director Thomas Gerfin represented the seller in the transaction.
The four loans range in size from approximately $3.95 million to $10 million, with an aggregate face amount of approximately $31 million.
The loans were sold to two institutional investors and pricing ranged between a modest discount to a slight premium. The loans are secured by retail centers and multifamily properties located in Massachusetts, Pennsylvania and Utah.
“The loans are well-performing and the sale was motivated by a desire of the seller to slightly rebalance its portfolio,” said Salins.
HFF (NYSE: HF) 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, structured finance, private equity, loan sales and commercial loan servicing. http://www.hfflp.com/.
Contacts:
Contacts:
Stuart M. Salins, HFF Senior Managing Director , 312 528 3678, ssalins@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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