CCRE Parts Ways with $112M Loan Portfolio
- Nov 18, 2016
By Keith Loria, Contributing Editor
New York—NGKF 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.