26A — June 8 - 21, 2012 — Mid Atlantic Real Estate Journal
www.marejournal.com
F INANCIAL D IGEST
The acquisition of a 102 unit / 612 bed property Regional Capital Group closes on $13.4 million permanent loan for a student housing project
DAHO—Regional Capi- tal Group (“RCG”) closed on a $13.4 million FNMA permanent loan for the acqui- sition of a 102 Unit / 612 Bed Student Housing Complex in Idaho. This was the first acquisition for the borrower that included partners from other organizations with ex- tensive experience in the stu- dent housing market. This asset is not traditional student housing and does not have 12 month leases or parental guarantees. The property is considered “approved” student housing by the University I
but was outside of traditional Agency lending parameters. RCG utilized extensiveAgency lending experience to meet the client’s needs given the unique situation presented. The result was a 4.49% fixed rate for 10 years, a 30 year amortization, and a 75% LTV. In the past few years as the real estate market has been evolving RCG has expanded into long term debt platforms. RCG utilizes a diverse back- ground and vast knowledge to complete transactions spread across a broad range of asset classes. RCG focuses not only
on the execution of specific deals, but also in understand- ing each client’s needs and goals, to complete short term or permanent funding. We also offer alternative loan struc- tures which may fall outside of the traditional lending sources to expedite a closing should an opportunistic situation arise. ■ HFF arranges financing for three- building industrial portfolio
LAUREL,MD — HFFworked on behalf of the borrower, a joint venture between Jack- son-Shaw and Prudential Real Estate Investors, to se- cure the seven-year, 3.98 per- cent fixed-rate loan through Principal Global Investors. The Brick Yard is located north of the Washington, D.C. Beltway (I-495) and ap- proximately 23 miles south- west of Baltimore, Maryland in an area that was originally home to the Washington Brick Company manufactur- ing facility and mine. The development is part of a larger mixed-use community that encompasses 125 acres of master-planned residen- tial, office, industrial and retail space. Completed in 2009, the buildings feature modern architecture and state-of-the-art facilities. The business park has been recognized by the United States Green Building Coun- cil (USGBC) for LEED Silver Core and Shell Certification and has also been named the 2009/2010 NAIOP award winner for best industrial in Washington, D.C. The HFF team represent- ing the borrower was led by senior managing director Tim Jordan and managing director Travis Anderson. ■ The Brick Yard Business Park in Laurel, MD
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