 |
| Brock Cannon |
NEW YORK, NY, June 6, 2016 – Holliday Fenoglio Fowler, L.P.
(HFF) announced today that it has been retained by Redwood Trust, Inc. to market and sell a $241.3 million commercial
loan portfolio consisting primarily of commercial mezzanine loans associated
with 73 properties located in 26 states.
The portfolio has a
weighted average coupon of 9.7 percent and a weighted average remaining term of
5.1 years.
The associated properties
consist of a diverse range of assets across the U.S., including office (35.6
percent Unpaid Principal Balance (“UPB”)), multi-housing (30.2 percent UPB),
hospitality (15.4 percent UPB), retail (10.3 percent UPB), self storage (4.1
percent UPB), industrial (2.5 percent UPB) and manufactured housing (1.8
percent UPB).
Geographically, the
properties are spread throughout the U.S. with 16 assets in the Southeast, nine
in the Northeast, 12 in the Midwest, six in the West, four in the Mid-Atlantic,
six in the Southwest and one asset with associated properties in various
states.
The HFF loan sales team
representing Redwood Trust, Inc. is led by managing directors Brock Cannon and Daniel O’Donnell and
associate director Sean Ryan.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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
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