CCRE Parts Ways with $112M Loan Portfolio

The portfolio consists of commercial and multifamily assets in Georgia, West Virginia, California and North Carolina.
Steven Schultz, NGKF

Steven Schultz, NGKF

New YorkNGKF Capital Markets National Loan Sale Advisory Group has sold a $112 million fully performing, adjustable-rate loan portfolio on behalf of CCRE, to a mix of private equity groups and regional banks.

“The Loan Sale team has an in-depth understanding of complex loan sales and we were confident in their ability to effectively market the sale and execute the best transactions,” Anthony Orso, CCRE CEO, said in a prepared release.

The portfolio consists of commercial and multifamily assets in Georgia, West Virginia, California and North Carolina, and the loans ranged in size from $7.5 million to $49 million.

Steven Schultz and John Howley, NGKF Capital Markets executive managing directors, represented CCRE in the transaction.

“The timing of the market cycle and our strong directed marketing campaign made for a very attractive investment opportunity for the buyers with such a geographically diverse portfolio,” Schultz said in the release.

CCRE specializes in providing financing solutions and expertise to the real estate community. The firm provides underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major U.S. markets.