F inancial D igest F eaturing T itle I nsurance

Mid Atlantic Real Estate Journal — October 11 - 24, 2013 — A


Arranged by Wilcox and Raymond G.S. Wilcox & Co. closes $32.25 million

ethesda, MD & WASHINGTON, D.C. — HFF announced to- B Carras, Coker & Crivella lead debt placement team HFF secures $220.8 million financing for two apartments

day that it has secured $121.6 million in financing for the de- velopment of 8300 Wisconsin in Bethesda, MD, which will include 359 luxury apartment residences and a 50,000 s/f Harris Teeter grocery store. HFF worked on behalf of StonebridgeCarras to se- cure the construction financ- ing through Wells Fargo Bank . Slated for completion in 2015, 8300 Wisconsin is situated at the entrance to Bethesda on a 1.6-acre site at the intersection of Bat- tery Lane, just south of the National Institutes of Health and Walter Reed campuses. The nine-story building will occupy an entire city block. Community amenities will include a landscaped court- yard, rooftop swimming pool with separate lap pool, rooftop demonstration kitchen, club- room, fitness center, business center and 24-hour concierge services. The HFF debt placement team was led by Sue Carras, Walter Coker and Brian Crivella. StonebridgeCarras is a pri- vately-held real estate invest- ment and development firm based in Bethesda, Maryland focusing primarily on develop- ing mixed-use properties in the Washington, D.C. metro- politan region. WASHINGTON, DC — HFF has arranged $99.2 mil- lion in financing for Atlantic Plumbing, a 375-unit, classA, trophy urban infill mixed-use development in the U Street/ North Shaw submarket of Washington, DC. HFF worked on behalf of entities owned by The JBG Companies and Walton Street Capital, L.L.C. to place the four-year construc- tion loan, with extension op- tions for an additional three years, with Capital One . The development is situ- ated at the northwestern and southwestern corners of the in- tersection of 8th Street and V

18 Thatcher Rd. in South Brunswick, NJ

Morristown, NJ — G.S. Wilcox &Co. announced today that they have arranged financ- ings totaling $32.25 million arranged by GretchenWilcox , president and Al Raymond , principal of G.S. Wilcox & Co. Four loans totaling $27.75 million were originated with Thrivent Financial for Lu- therans with the borrower being Forsgate Industrial Partners . The loans were for four industrial buildings total- ing 950,000 s/f. The properties were located at 18 Thatcher Rd. and 1165 Cranberry South River Rd. in South Brunswick, 75 Oxford Dr., Moonachie and 100 Central Ave., Teterboro, NJ. The rates were fixed for 10 years with a 20 year amortiza- New York, NY & San Diego, CA — RCAP Hold- ings, LLC (RCAPHoldings) , a holding company managed by Nicholas Schorsch, William Kahane, Michael Weil, Pe- ter Budko and Brian Block , completed its previously an- nounced acquisition of all the outstanding equity interests of First Allied Holdings Inc. (First Allied) , an independent retail financial services organi- zation. First Allied, including its Legend Group division, man- ages over $32 billion in assets across 300,000 clients, advised by 1,500 independent financial advisors, out of 500 branches in the US. First Allied and its subsidiaries will continue to op- erate autonomously under their current management structure and respective brands as part of the RCAP Holdings’ family of companies.

tion. A15 year fixed rate loan with a 25 year amortization totaling $4.5 million was also completed for the refinancing of Abill Plaza, a 114,000 s/f mixed use retail/office property located on Route 46 in Totowa, NJ. The lender was Minnesota Life Insurance Company through its investment entity, Advan- tus Capital Management Inc. The property has secured a new anchor store; TJ Maxx. The lender was able to get com- fortable with the asset prior to renovation completion while the property was in transition of tenancy. The borrower signed TJ Maxx to a long term lease and is in a process of leasing the remaining space. n This transaction with RCAP Holdings provides significant financial resources to First Allied to make substantial investments in technology, add professionals and support personnel. Nicholas Schorsch, CEO and chairman of RCAP Holdings, said, “The acquisition of First Allied achieves our longstand- ing goal to expand our footprint in the independent financial advisor segment of the financial services industry. The com- bination of RCAP Holdings and First Allied allows us to broaden our portfolio of finan- cial companies to provide a fully integrated investment solution to the retail investor by deliv- ering high quality investment solutions through the combi- nation of both our wholesale broker-dealer and First Allied’s extensive network of indepen- dent financial advisors.” n

8300 Wisconsin in Bethesda, MD

RCAP Holdings, LLC acquires First Allied Holdings Inc.

Atlantic Plumbing, Washington, D.C.

Street NW, two blocks from the U Street metro station. Due for completion in early 2015, the property will consist of 375 designer residential units and 23,785 s/f of ground-floor retail space, including artist studios, in two separate buildings. De- signed by New York architect MorrisAdjmi , the project will feature one- and two-bedroom units averaging 716 s/f each.

Community amenities include a state-of-the-art fitness cen- ter with yoga and spin area, lounge with bar and theater, rooftop gardens, rooftop pool with panoramic city views, rooftop grilling stations , roof- top movie screening area and electric car charging stations. The HFF debt placement teamwas led by Carras, Coker and Crivella. n

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