PITTSBURGH, PA – HFF announced today that it has secured $134.76 million in financing for a 13-property mixed-use portfolio totaling 2.8 million square feet throughout the United States. HFF worked on behalf of McMorgan & Company, LLC to secure the fixed-rate financing through a life insurance company. The loan is cross collateralized by all 13 properties and is tranched into three, five-, seven-, and ten-year terms.
According to HFF, the lender exceeded our expectations by engineering a highly creative loan structure for a truly unique loan request.
The portfolio includes industrial, office, multi-housing and retail properties located in eight states. Overall, the portfolio is 90 percent occupied.
The HFF team representing McMorgan & Company, LLC included executive managing director John Pelusi (top right photo), senior managing directors Mike Tepedino (middle left photo) and Trey Morsbach (bottom right photo) and real estate analyst Todd Newman.
McMorgan & Company, LLC is a real estate investment adviser and a wholly owned subsidiary of New York Life Investment Management Holdings, LLC.
Contacts:
John H. Pelusi Jr., HFF Executive Managing Director, (412) 281-8714,
Michael J. Tepedino, HFF Senior Managing Director, (212) 245-2425 mtepedino@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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