HFF selected by Redwood Trust to market $241.3 million commercial mezzanine loan portfolio
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.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.