Source: Globe Street

The ownership of the boutique upscale hotel Freehand Miami here has secured a $21-million refinancing deal for the 256-bed property. The financing transaction was arranged by Mission Capital Advisors of New York City.

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Mission Capital Advisors’s Debt & Equity Finance Group has arranged a structured $21 million refinancing of the Freehand Miami, a 256-bed, upscale boutique hostel located in the Art Deco Historic District in Miami Beach, Florida.

Media Contact: Mitchell Breindel mbreindel@beckermanpr.com

646-­‐237-­‐6932

FOR IMMEDIATE RELEASE

Mission Capital Advisors Arranges $21 Million Financing for Freehand Miami

Refinancing of Boutique Hospitality Property Represents the 15th Debt and Equity

Financing in Florida Arranged by MCA

Miami, FL (September 29, 2014) — Mission Capital Advisors, a leading national real estate capital

markets solutions firm, today announced that its Debt & Equity Finance Group arranged a structured
$21 million refinancing of the Freehand Miami, a 256-­‐bed, upscale boutique hostel located in the Art Deco Historic District in Miami Beach, Florida.

MCA’s Managing Director Jordan Ray, Director Ari Hirt and Associate Director Steven Buchwald represented the sponsor, a joint venture between the Sydell Group, the Yucaipa Companies and AllianceBernstein Real Estate, in arranging the financing.

“We arranged the construction financing for this asset several years back when the boutique, high end hostel concept was unproven. Now that the property has been well received by the market, we were able to replace the original, higher cost of capital financing with a very structured interim more appropriately priced “ramp” loan. The quality of the sponsorship added tremendous value to the assignment,” said Ray. “We leveraged our depth of capital relationships our experience in South Florida and our knowledge of complicated hospitality assets to close a highly structured transaction.”

The classic art deco property is ideally located in the heart of the Art Deco Historic District at the corner
of 28th Street and Indian Creek Drive, minutes from South Beach, Bal Harbour Shops and Lincoln Road.

“The strong demand for affordable hospitality product, in a market with extremely favorable supply and demand fundamentals, enabled us to create a competitive process to secure the most efficient source of capital for our client, and the transaction was completed quickly from the time of the initial offering,” said Hirt.

“The continued strength in the capital markets still provides a window of opportunity to capitalize on historically low rates and flexible terms,” said Buchwald. “The interest we received on this deal is indicative of the strengthening fundamentals in the South Florida hospitality market. We are pleased to continue our success arranging capital in Florida and to champion the financing efforts for the Freehand brand.” MCA has represented the Freehand sponsorship on a number of hospitality financing transactions.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, Alabama. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and
loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information,
visit www.missioncap.com.

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Mission Capital’s Debt & Equity Finance Group has arranged $8.76 million in construction financing for the conversion of a three-story, vintage historic schoolhouse in the Greenpoint neighborhood of Brooklyn to a 13-unit luxury residential condominium building.

Media Contact: Mitchell Breindel mbreindel@beckermanpr.com

646-­‐237-­‐6932

FOR IMMEDIATE RELEASE

Mission Capital Advisors Arranges $8.76 Million in Construction Financing For Conversion of Schoolhouse in Greenpoint to Luxury Condominiums

Financing for Premier Brooklyn Developer Represents MCA’s 10th Capital Raise in Brooklyn

New York City (September 29, 2014) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Debt & Equity Finance Group has arranged $8.76 million in construction financing for the conversion of a three-­‐story, vintage historic schoolhouse in the Greenpoint neighborhood of Brooklyn to a 13-­‐unit luxury residential condominium building.

MCA’s Managing Director Jordan Ray, Director Ari Hirt and Associate Director Steven Buchwald arranged
the financing on behalf of the sponsor, Largo Investments.

“Our capital relationships and local knowledge of the Brooklyn real estate market enabled us to get this deal done at attractive rates and terms for our client,” said Ray. “Repeat business is the best barometer for success and this transaction represents the eighth capital raise we have completed for Largo, one of the premier developers in the Brooklyn residential market.” While already a significant Williamsburg developer this represents Largo’s first development in Greenpoint.

“The return of construction financing is indicative of continuing robust real estate fundamentals, and strong lender appetite for quality projects, particularly in a high barrier-­‐to-­‐entry market such as Greenpoint, enabled us to complete the financing at a low interest rate with limited recourse,” said Hirt. “MCA’s knowledge of the complexities of the New York City condo market facilitated a smooth and efficient closing for our client within an accelerated timeframe. The reputation of the sponsor, along
with continued demand for multifamily property, generated numerous offers and helped us to secure
the most efficient source of capital.”

The 18,662-­‐square-­‐foot historic property is located at 533 Leonard Street in the prime South Greenpoint neighborhood of Brooklyn, two blocks north of McCarren Park, one block from the G train, and a short walk from the L train in Williamsburg. The project will retain original details from the more than 80-­‐year-­‐ old historical structure, and include an elevator, outdoor space for all units, several duplexes, common roof deck, 10 to 16 foot ceiling heights, top-­‐of-­‐the-­‐line appliances and fixtures, central HVAC, and panoramic views of Manhattan and Brooklyn. Construction on the property has already commenced and is anticipated to be completed in 2015.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, Alabama. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial
institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information,
visit www.missioncap.com.

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Source: Globe Street

The outlook for hotels in Southern California continues to brighten, Gregg Applefield, director of the debt-and-equity finance group at Newport Beach-based Mission Capital, tells Globe Streetcom.

Investors Are Raising Risk on Hotel

Buys

NEWPORT BEACH, CA—The outlook for hotels in Southern California continues to brighten, Gregg Applefield,
director of the debt-and-equity finance group at Newport Beach- based Mission Capital, tells GlobeSt.com. Economic and tourism conditions in the Los Angeles and Orange County areas, in particular, have improved,
making this a strong market
for hotel investment.
Applefield notes a record number of visitors to the L.A. area. “In 2013, the LAX passenger count increased
4.7% over 2012, and overall hotel performance throughout the L.A. area has improved. Transaction volume is up, the gross volume of hotels sold has increased, and investors are willing to move down the risk curve into
buying unstabilized hotels and renovating alternative property types. They’re rebranding them and developing new assets, which shows how much general improvement there has been in the market. Buyers are actively interested in investing in hotels in the area.”
Mission Capital focuses on raising capital for owners, operators and developers in a variety of property types, including hotels.
Hotel performance in general is up and is expected to continue to rise, he adds. “In 2013, occupancy and RevPAR are the strongest we’ve seen in several years, and we expect those figures to start getting closer to or above where they were in the peak of the last cycle. With respect to transaction volume, the sector started

out with a strong first half of the year, and there’s been an increased in the number of hotels sold over last year.”
The takeaway is that investors and lenders are willing to make a larger bet on Southern California hotel properties as the economy and hotel market improve, he says. “It’s a year-round market, and it attracts corporate, leisure and group travelers.”
In addition, the amount of foreign capital chasing Southern California hotel deals has increased, Applefield says. “There’s a lot of interest from Asian buyers to invest in hotel properties throughout Southern California. Visitors and tourists from around the world peg Orange County hotels as some of the best real estate in the US.”
In fact, Applefield cites Washington Real Estate Holdings’ recent sale of the St. Regis Hotel in Dana Point, CA, for nearly $320 million as a testament to the
value of Orange County hotels. “That’s a significant price for a hotel asset in that
area.”
Also, now that the economy is improving, owners are willing to reinvest money to improve their properties, spurred by new hotel development throughout the region. “I do think there’s been a limited-service development trend in the Airport office market, and there have also been several trades with an eye on redevelopment recently. Green Oak Real Estate bought the Hotel Figueroa in Downtown L.A. and is planning a significant renovation of that project. In lieu of ground-up new development, owners are converting existing assets, particularly office, to hospitality.”

http://www.globest.com/news/12_949/orangecounty/hotel/Investors-Are-Raising-Risk-on-Hotel-Buys-

350569.html

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Source: CityBizList

Mission Capital Advisors announced that its Commercial Loan Sales & Trading Group has arranged the sale of a $50 million commercial mortgage loan secured by The Forum at West Paces, a trophy, Class AAA, nine-story, 222,457 square-foot office property located in the Buckhead submarket of Atlanta, Georgia.

Mission Capital Advisors Completes

$50M Loan Sale Secured by Class AAA Trophy Office Property in Atlanta, Georgia

9/19/14

Kevin Parker

Strong Demand and Competitive Process Results in Loan Sale Completed

Within 52 Days of Offering

Mission Capital Advisors, a leading national real estate capital markets solutions firm, announced that its Commercial Loan Sales & Trading Group has arranged the sale of a $50 million commercial mortgage loan secured by The Forum at West Paces, a trophy, Class AAA, nine-story, 222,457 square-foot office property located in the Buckhead submarket of Atlanta, Georgia.

MCA’s Managing Director Will Sledge and Vice President Patrick

Arnold represented the seller in the transaction of the loan to Parkway

Properties, a national REIT and member of the NYSE.
“MCA leveraged our depth of institutional capital relationships and knowledge of the collateral and its sub-market to effectuate the transaction above the seller’s expectations,” said Sledge. “The loan sold above the most recent appraised property value, illustrating continued strong continued demand for high quality product.”
“Mission’s platform caters to institutional investors who require the advisor to demonstrate a high level of knowledge related to the property market and equal degree of service and interaction with investors,” added Arnold
MCA’s competitive process resulted in 38 Indicative indicative bids and 10 final
bidders. Participants ranged from local office owner/operators, global private equity funds and national REITS. The sale of the note was completed within 52 days of the offering.

The Forum at West Paces is a Class AAA, well-maintained property, strategically located within the Piazza at Paces, a seventeen-acre European-style mixed-use development along Northside Parkway and Howell Mill Road. The acquisition affords the buyer significant upside potential through lease-up of vacant space, and the strengthening as the real estate fundamentals of the Buckhead submarket continue to improve.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estatecapital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, Al. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception,Mission Capital has advised a variety of leading financial institutions and real estate investors on
more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry- leading professionals is committed to achieving clients’ business objectives while maintaining the highest levels of integrity and trust. For more information,
visit www.missioncap.com.

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Source: RE Business Online

Mission Capital has arranged the sale of a $50 million loan secured by the Forum at West Paces, a nine-story trophy office tower in Atlanta’s Buckhead submarket.

MISSION CAPITAL BROKERS $50M

LOAN SALE OF CLASS A OFFICE TOWER IN ATLANTA

September 15, 2014
ATLANTA — Mission Capital Advisors LLC has arranged the sale of a $50 million loan secured by The Forum at West Paces, a nine-story trophy office tower in Atlanta’s Buckhead submarket. The 222,457-square-foot property is located within the 17-acre Piazza at Paces mixed-use development. Parkway Properties, a national REIT traded on the New York Stock Exchange, purchased the loan from an undisclosed seller. Will Sledge and Patrick Arnold of Mission Capital represented the seller in the transaction.
http://www.rebusinessonline.com/main.cfm?id=17&date=20140915&state=GA&region=Southeast

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Mission Capital Advisors announced that its Commercial Loan Sales & Trading Group has arranged the sale of a commercial mortgage loan secured by The Forum at West Paces, a trophy, Class AAA, nine-story, 222,457 square-foot office property located in the Buckhead submarket of Atlanta, GA.

Media Contact: Mitchell Breindel mbreindel@beckermanpr.com

646-­‐237-­‐6932

FOR IMMEDIATE RELEASE

Mission Capital Advisors Completes $50mm Loan Sale Secured by Class AAA Trophy Office Property in Atlanta, Georgia

Strong Demand and Competitive Process Results in Loan Sale Completed Within 52 Days of Offering

Atlanta, GA (September 10, 2014) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Commercial Loan Sales & Trading Group has arranged the sale of a commercial mortgage loan secured by The Forum at West Paces, a trophy, Class AAA, nine-­‐ story, 222,457 square-­‐foot office property located in the Buckhead submarket of Atlanta, Georgia.

MCA’s Managing Director Will Sledge and Vice President Patrick Arnold represented the seller in the
transaction of the loan to Parkway Properties, a national REIT and member of the NYSE.

“MCA leveraged our depth of institutional capital relationships and knowledge of the collateral and its sub-­‐market to effectuate the transaction above the seller’s expectations,” said Sledge. “The loan sold above the most recent appraised property value, illustrating continued demand for high quality product.”

“Mission’s platform caters to institutional investors who require the advisor to demonstrate a high level of knowledge related to the property market and equal degree of service and interaction with investors,” added Arnold

MCA’s competitive process resulted in 38 indicative bids and 10 final bidders. Participants ranged from local office owner/operators, global private equity funds and national REITS. The sale of the note was completed within 52 days of the offering.

The Forum at West Paces is a Class AAA, well-­‐maintained property, strategically located within the Piazza at Paces, a seventeen-­‐acre European-­‐style mixed-­‐use development along Northside Parkway and Howell Mill Road. The acquisition affords the buyer significant upside potential through lease-­‐up of vacant space as the real estate fundamentals of the Buckhead submarket continue to improve.

About Mission Capital Advisors

Founded in 2002, Mission Capital Advisors, LLC is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California and Mobile, Al. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across commercial and residential loan sales; debt, mezzanine and JV equity placement; and loan portfolio valuation. Since its inception, Mission Capital has advised a variety of leading financial institutions and real estate investors on more than $45 billion of loan sale and financing transactions, as well as in excess of $14 billion of Fannie Mae and Freddie Mac transactions, positioning the firm strongly to provide unmatched loan portfolio valuation services for both commercial and residential assets. Mission Capital’s seasoned team of industry-­‐leading professionals is committed to achieving clients’
business objectives while maintaining the highest levels of integrity and trust. For more information, visit www.missioncap.com.

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