HFF named to market for sale two performing loan portfolios on behalf of Värde Partners
NEW YORK, NY – November 6, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale a $48 million sub-debt portfolio along with a $31.4 million senior mortgage loan portfolio on behalf of Värde Partners.
The sub-debt portfolio includes fourteen mezzanine loans with a weighted average coupon of 10.21 percent and a weighted average remaining term of 5.1 years. The senior mortgage portfolio includes nineteen loans with a weighted average coupon of 5.98 percent and a weighted average remaining term of 4.8 years.
The portfolios are being marketed separately and both sales are expected to close in December.
The HFF loan sales team representing the seller includes managing director Brock Cannon, director Patrick Arnold, senior director Sean Ryan and managing director Tom Hall.
“These portfolios provide investors with unique opportunities to acquire performing loans with attractive coupons and remaining terms,” Cannon said. “With the high demand for yield in today’s environment, we believe it is a good time to market performing loan portfolios, which in turn provides the market with good opportunities to pick up some yield prior to year-end.”
About Värde Partners
Värde Partners is a $13 billion global alternative investment firm that employs a value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, energy, transportation and infrastructure. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs more than 250 people globally with regional headquarters in Minneapolis, London and Singapore.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.