The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 22, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Trio of Recent Loan Portfolio Sales Total $113 Mil

9/26/19

Three loan portfolios, totaling approximately $113 mil, have been sold in separate dispostions by a leading California-based bank and two global private equity firms. Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s National Loan & Portfolio Sale Advisors team advised the sellers in all of the transactions.

Each transaction averaged 10 weeks from commencement to close and garnered interest from a diverse group of institutional investors, including life insurance companies, private equity funds, investment banks, and money center banks both domestic and international.

“Over the past year, the demand for performing loans—both fixed and floating rate—has grown significantly as investors continue to chase yield,” said Arangio, Vice Chairman of Capital Markets at CBRE. “These sales provided investors with the rare opportunity to acquire diverse portfolios of small balance multifamily and commercial mortgage loans secured by well-located collateral at attractive yields.”

• Portfolio #1 consisted of 114 mortgage loans secured by multifamily properties located across 30 states, with a total value of $50 mil. A disproportionate majority of the loans were performing and offered an attractive risk-adjusted return for senior secured mortgages. The owner, a global private equity firm with its North American headquarters in California, sold the portfolio to a New York-based fund.

• Portfolio #2 consisted of 77 performing mortgages loans secured by multifamily and manufactured housing properties in 28 states, with a total value of $43 mil. The portfolio yield was in excess of current underwriting standards for highly-financeable, low leverage, stabilized, multifamily mortgages. The owner, a global private equity firm with its North American headquarters in New York, sold the portfolio to an institutional asset manager.

• Portfolio #3 consisted of 38 performing mortgage loans secured by highly liquid and well-located multifamily and commercial properties throughout California, with a total value of $20 mil. The assets were significantly concentrated in major markets such as Los Angeles, San Francisco and San Diego. The owner, a leading California-based bank, sold the portfolio to a Maine-based full-service banking institution.





Return to the Archive page


 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media