SRF Ventures Originates Nearly $30M in Real Estate Loans This Summer

Steven Fischler

New York, NY) — Steven Fischler's SRF Ventures is wrapping up an extremely busy summer highlighted by the firm originating nearly $30 million in real estate loans for clients across the nation.

Fischler, a former Lehman Brothers executive, and his team at SRF continue to find small balance loan opportunities that are often overlooked by traditional lenders and investors due to the size and complexity of such transactions.

Over the summer, SRF closed a variety of small balance loans ranging from $1 million to $11 million in value. The loans were used to underwrite a variety of property types, including hotel, land, residential development and retail sites.

In one of the summer transactions, SRF originated $6 million of preferred equity on a land assemblage in the Gramercy neighborhood of Manhattan. The borrower was a joint venture of APEX Investments and Property Markets Group, which used the funds to close on the last piece of the assemblage. The closing took only 16 days. 

“SRF seeks opportunities outside of the status quo of traditional real estate,” said Fischler, founder, president and managing principal of SRF Ventures. “These small balance loans represent just one of our adaptive and innovative strategies on advising, lending, investing and managing real estate.”

Fischler, 33, launched his boutique real estate advisory and management firm in January 2012. With a strong client base that includes prominent developers and investors in major metropolitan markets including New York and South Florida, the company has arranged or originated over $1 billion in real estate financing and equity transactions in less than four years.

“Our success over the last several years is a testament to creative thinking,” said Fischler. “We are not bound by the limits of a specific real estate class or capital structure. That allows us to find success and maximize profits for our firm and our clients.

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

Ilana Tescher

Account Executive

BoardroomPR

itescher@boardroompr.com

Office: 954-370-8999

Cell: 954-249-1816

$57 million financing for 1.4 million-square-foot manufacturing facility in Southern California arranged by HFF

  

Century Business Center, 3901 Jack Northrop Avenue, Hawthone, CA

Paul Brindley

LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $57 million in senior financing for Century Business Center, a seven-building, 100-percent-leased industrial manufacturing facility totaling 1.4 million square feet in Hawthorne, California.

HFF worked on behalf of the borrower, Zelman Development Co., to place the 10-year, fixed-rate loan with AIG Investments. Loan proceeds were used to recapitalize the property.

Century Business Center is fully leased to Triumph Aviation Group, which produces fuselages for Boeing’s 747 passenger and freighter commercial jets, and SpaceX, the largest private space transport company in the world. 

The center’s two main buildings total approximately one million square feet and provide a column-free work space with 35’ clear heights.  The other buildings serve as office space, hangers, cafeteria, medical office and physical plant services. 

Additionally, the facility has more than 1,300 parking spaces and has rail access served by Southern Pacific Railroad.  Situated on 43 acres just off Interstate 105 at 3901 Jack Northrop Avenue adjacent to the Hawthorne Municipal Airport, the property is approximately three miles from Los Angeles International Airport and 21 miles from the Ports of Long Beach and Los Angeles.

Anthony Brent

HFF’s team was led by senior managing directors Paul Brindley and Anthony Brent, and managing director Ryan Martin.

“AIG's entrepreneurial approach allowed them to structure a transaction that allowed the borrower to buyout their partner and be positioned for the future with an attractive long-term financing,” Brindley said. 

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

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.zelman.com.

Lincoln Property Company Ranked #1 Property Manager for 2015

  

PHOENIX, AZ – Lincoln Property Company (LPC) has been ranked as the number one property manager in 2015 according to Multi-Housing News' top 50 listing.

The ranking was based on self-reported property characteristics, quantity of leases, amount and size of communities under management, square footage, amount of property operations owned or managed, involvement in multiple property sectors, sustainability practices and other considerations.

Preference was given to those with strong growth and that serviced more than one sector. 

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

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen negotiates lease with Shaw Mechanical for 7,142 square feet at Kennedy Commerce Center in Orlando, FL

Kennedy Commerce Center 997 West Kennedy Boulevard
Orlando, FL

WINTER PARK, FL --- Hold-Thyssen, Inc., a commercial property firm based in Winter Park, recently negotiated a lease agreement for 7,142 square feet of flex space at Kennedy Commerce Center, 997 W. Kennedy Blvd. in Orlando.

The Hold-Thyssen leasing team negotiated the transaction representing the Landlord Miami-based LNR Partners, LLC.

Shaw Mechanical, residential and commercial heating and air-conditioning provider, renewed its lease of Suites 14-A and 16 for three more years..

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

Beth Payan, Larry Vershel Communications, 407-644-4142  Lvershelco@aol.com

  

NAI Realvest Brokers Industrial Land Lease for professional tree trimming operation in Orlando, FL

Jason Toll

ORLANDO, FL — NAI Realvest recently negotiated the lease of a 4.8-acre vacant parcel of industrial land at 2301 Silver Meteor Drive off of John Young Parkway in Orlando.  

Jason G. Toll, director of industrial services at NAI Realvest, brokered the transaction representing the local landlord, Central Florida Lumber & Supply Co., Inc.  The tenant is Longwood-based A Sunstate Trees, Inc.

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

Beth Payan, Larry Vershel Communications, 407-644-4142  Lvershelco@aol.com

 

REVA Development Partners Announces VIP List To Serve High Demand For Luxury Rental Community Northgate Crossing in Wheeling, IL

 

Matt Nix

 CHICAGO, IL — Chicago-based REVA Development Partners has created a VIP list to provide precedence to the large number of people who’ve expressed interest in residing at Northgate Crossing, a new 288-unit luxury rental communityat 250 Northgate Parkway in north-suburban Wheeling, Illinois.

To join the VIP list, prospective renters can visit http://www.northgatewheeling.com/.

 Pre-leasing will begin in October with first move-ins scheduled for mid-December.

“We are very excited to be part of the Wheeling community and, in particular, its downtown area,” said Matt Nix, principal of REVA Development.

“In recent years, Wheeling has made a strong commitment to increasing the town’s sense of place and livability and has added a wide variety of retail, office development and park space to its downtown center.

“It will become a destination for people in the north suburbs to live, work and play and Northgate Crossing will help further support those enhancements by providing new-construction apartments within walking distance to community attractions and the Metra.”

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

Kelly Shumaker, kshumaker@taylorjohnson.com, (312) 267-4519

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527