Wednesday, March 18, 2015

Meridian Capital Group Arranges $13.7 Million in Acquisition Financing for Holcomb Woods Business Park in Roswell, GA


Holcomb Woods Business Park, Roswell, GA

Boca Raton, FL – Meridian Capital Group, America’s most active debt broker, negotiated a $13.7 million loan for the purchase of Holcomb Woods Business Park, an office property located in Roswell, GA on behalf of RexHall Realty and Rugby Realty.

The three-year, non-recourse loan, provided by a bridge lender, features a floating-rate of 475 basis points over 30-day LIBOR, two one-year extension options and begins to amortize only upon the completion of renovations of the property.

Michael Brown
This transaction was negotiated by Meridian Capital Group Managing Director, Michael Brown, who is based in the Company’s Boca Raton, FL office.

Holcomb Woods Business Park, located at 1000 Holcomb Woods Parkway, is an office property in Roswell, GA composed of four buildings totaling 244,700 square feet which house numerous tenants including Lennar of Georgia, Docufree, Arclin, Enveniam, Inc., and Farmers Insurance.

The property was 75% occupied at the time of financing and proceeds will be used for property improvements and leasing commissions for new and current tenants in order to increase occupancy at the property.

“Meridian has closed financing on more than 1 million square feet of office properties in the Atlanta area within the past year,” said Mr. Brown. “This is a terrific asset with leasing upside and sits in a prime location with strong local growth dynamics,” he added.

Founded in 1991, Meridian Capital Group is one of the nation’s largest commercial real estate finance and advisory firms. 

Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. 

Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties. 

For a complete copy of the company’s news release, please contact:

Jonathan Stern
Meridian Capital Group
212/972-3600

Hotel Equity & Lender Perspectives (HELP) Conference Announces Full 2015 Schedule; Special Guest Speaker John Fish, Boston Olympic Bid Champion


John Fish
           BOSTON, MA, March 18, 2015—Officials of the Hotel Equity & Lender Perspectives (HELP) Conference today released the full agenda for its fourth annual gathering to be held April 13-14, 2015, at the Seaport Hotel in Boston.

  In addition to previously announced special guest speaker, John Fish, leader of the effort to bring the 2024 Olympics and Paralympics back to Boston, the conference will feature such industry experts as Rachel Roginsky, principal, Pinnacle Advisory Group and ISHC President; Ting Ting Yan, account planner, Google Travel; and Rob Palleschi, global head, full service brands, Hilton Worldwide.

                “We have another full slate of industry experts discussing all facets of debt, equity and the issues surrounding the value of hotel investments,” said Ken Wilson, HELP Conference co-chairman and founding partner of CHMWarnick. 
“There is no better event to take the financial temperature of the industry, and in light of the on-going uptick in both hotel valuations and property level performance, there may be no more important time than now for hoteliers to gauge where their properties stand today.”

For a complete copy of the company’s news release, please contact:

Chris Daly, media
 (703) 435-6293


Arbor Funds $180.7M in Multifamily Deals Across Texas and Other Markets


Brian Scharf
UNIONDALE, NY (March 18, 2015) - Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of 13 loans totaling $180,653,600 across Texas, Missouri, South Carolina, North Carolina, Virginia and Washington under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan, FHA Multifamily, CMBS and Arbor Realty Trust Mezzanine and Bridge product lines.

All of the loans were originated by Brian Scharf, Vice President in Arbor’s Uniondale, NY, office.

“As a national direct lender, Arbor has the nationwide expertise required to meet borrower demands no matter where they do business, including in such thriving markets as Texas, South Carolina and Missouri,” Scharf said.





Lakepointe at Las Colinas, Irving, TX
“As demonstrated by this collection of loans, Arbor is providing the personal service needed for investors to take advantage of today’s strong multifamily market conditions.”

·         Lakepointe at Las Colinas, Irving, TX – This 256-unit multifamily property received $33,637,500 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Property amenities include a swimming pool, a clubhouse with a billiards table, a fitness center, a business center, a leasable clubroom, a conference room and valet trash service.

·         Gateway at Plano, Plano, TX – This 254-unit multifamily property received $31,290,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a swimming pool with a cabana, a grilling area and an outdoor fireplace as well as a clubhouse with a fitness center, a business center and a media room.
  
Gateway at Plano, Plano, TX
·         Multifamily Property, Richardson, TX – This 88-unit multifamily property received $6,150,000 funded under the Arbor Realty Trust Bridge Loan product line. It is a three-year acquisition loan. 

·         Wyndham on the Creek Apartments, Dallas, TX – This 151-unit multifamily property received $5,120,000 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property offers a swimming pool and clubhouse. 

·         Las Palmas I Apartments, Houston, TX – This 182-unit multifamily property received $4,800,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a clubhouse, laundry rooms and a swimming pool.

Wyndham on the Creek Apartments,
 Dallas, TX
·         The Oaks, Balch Springs, TX – This 147-unit multifamily property received $4,642,200 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property offers a swimming pool, a laundry facility, a playground and a picnic area.

·         Multifamily Property, Carrollton, TX – This 304-unit multifamily property received $4,200,000 funded under the Arbor Realty Trust Mezzanine Loan product line. It is a three-year acquisition loan. 

·         Westwind Apartments, Fort Worth, TX – This 140-unit multifamily property received $4,100,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property amenities include a business center, an in-ground swimming pool and a central laundry facility.

Las Palmas I Apartments, Houston, TX
·         Woodvine Apartments, Houston, TX – This 102-unit multifamily property received $3,531,900 funded under the Fannie Mae DUS Loan product line. The 10-year acquisition loan amortizes on a 30-year schedule. The property offers a playground, a picnic area, a laundry room and barbeque grills. 

·         Spring Hollow Apartments, Dallas, TX – This 82-unit multifamily property received $2,000,000 funded under the Fannie Mae Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. Amenities include a leasing office, a central laundry facility, a park with picnic tables and a charcoal grill.

·         Park Plaza Apartments, Austin, TX – This 62-unit multifamily property received $1,900,000 funded under the FHA 221(d)(4) product line. The 10-year refinance loan amortizes on a 30-year schedule. Project amenities include a centralized laundry facility, a playground and a pool.

The Oaks at Balch Springs, TX
·         Calloway Place Apartments, Fort Worth, TX - This 62-unit multifamily property received $1,320,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule. The property includes a swimming pool and central laundry.

·         The Apartments at Shade Tree, Johns Island, SC - This multifamily property received $21,182,000 funded under the Fannie Mae DUS Loan product line. The construction loan amortizes on a 40-year schedule.

·         Multifamily Property, Raleigh, NC - This 178-unit multifamily property received $10,000,000 funded under the Arbor Realty Trust Bridge Loan product line. It is a three-year acquisition loan.

Westwind Apartments, Fort Worth, TX
·         Multifamily Property, Raleigh, NC – This 67-unit multifamily property received $2,480,000 funded under the Arbor Realty Trust Bridge Loan product line. The two-year loan refinances the property. 

  
·         Industrial/Office Property, Newport News, VA - This 379,706-unit industrial/office property received $21,000,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

·         West End Terrace Apartments, St. Louis, MO - This 195-unit multifamily property received $20,000,000 funded under the Fannie Mae DUS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

Woodvine Apartments, Houston, TX
·         Multifamily Property, Seattle, WA - This 24-unit multifamily and four-unit mixed-use property received $3,300,000 funded under the CMBS Loan product line. The 10-year refinance loan amortizes on a 30-year schedule.

For a complete copy of the company’s news release, please contact:

Christopher Ostrowski

EWM Realty International Drops Price on Multi-million-dollar Oceanfront Miami Beach, FL Home

5959 Collins Avenue, Miami Beach, FL

MIAMI BEACH, FL – EWM Realty International Realty announces the price has dropped on what it calls “the only true Oceanfront Home" on Miami Beach, FL.

The original price of $9.9 million is now down to $8.49 million. The five bedroom, five bath plus one property at 5959 Collins Ave. contains 5,685 square feet.

 EWM Senior Vice President Nelson Gonzalez says the property is “the only detached home of the 6 villas at the Bath Club.”

 The tri-level home, professionally decorated, offers a private pool, large interior elevator, two-car garage parking third-floor floor game room, ocean views from most rooms, gourmet kitchen, huge master bed/bath and walk-in closets.

Amenities include: pool, spa, gym, concierge, valet, tennis courts and beach service.

 For a complete copy of the company’s news release, please contact:

Nelson Gonzalez P.A.
 305.674.4040
 Senior Vice President
EWM Realty International |419 Arthur Godfrey Road Miami Beach, Fl|33140

| MLS #: A1981996