Mission Capital Advisors and its subsidiary Mission Global, a mortgage services due diligence business, announced the hiring of William Horning as a director with the residential mortgage group.

Media Contact: Amanda Ferraro Beckerman

aferraro@beckermanpr.com
201-­‐649-­‐1186

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Mission Capital Advisors and Subsidiary Mission Global Hire William Horning As Director of Mortgage Operation

Mortgage Industry Professional Brings More Than 16 Years of Experience

in all Facets of Residential Whole Loan Finance

NEW YORK (Feb. 25, 2016) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, and its subsidiary Mission Global, a mortgage services due diligence business, today announced the hiring of William Horning as a director with the residential mortgage group.

With nearly two decades of experience in residential whole loan finance, Horning will assume a senior role in both Mission Capital Advisors’ residential whole loan trading operation and Mission Global’s due diligence and mortgage services operation.

“As we continue to expand our offerings, Bill is the perfect fit from both a loan trading and mortgage services standpoint,” said Ray Ralph, managing director of operations with Mission Capital Advisors. “We were immediately impressed with Bill’s breadth of experience and long history in whole loan finance and we’re confident he will offer our clients the high level of service that has become synonymous with the Mission name.”

With extensive experience in residential whole loan transaction management, Horning looks forward to making an immediate impact on Mission’s mortgage services and loan trading business. “Mission’s collaborative culture and stellar reputation are initially what attracted me to this position,” said Horning. “I am thrilled to join Mission Capital and Mission Global, and be a part of the team.”

Prior to joining Mission Capital Advisors, Horning served as a vice president with Morgan Stanley, handling contract finance duties and conduit implementation for the firm’s residential mortgage trading desk. Horning worked previously in similar capacities as an associate director with Five Mile Capital Partners and a director with UBS. In addition, Horning served as a vice president with American Mortgage Consultants, managing multiple due diligence processes for both seasoned loans and new origination/conduit residential loan platforms. He started his career at Lehman Brothers working in residential mortgage servicing and operations.

Horning holds a Bachelor of Arts in Business and Economics from Muhlenberg College.

About Mission Global, LLC

Mission Global, LLC has been formed to unite the capabilities of Mission Capital mortgage services business with the extensive due diligence services and experience of Global Financial Review, to create a single source solution for investors. Mission Global services will now include data integrity review,
collateral document review and cure, curative title work, agency delivery and trade support, due diligence and securitization support, regulatory compliance, origination support, re-­‐underwriting, and forensic reviews. For more information, visit www.missionglobal.com.

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 $65 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.www.missioncap.com.

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Source: New England Real Estate Journal

Mission Capital’s Debt and Equity Finance Group has arranged a $2.4 million loan for 9 West Broad Street, a 191,000 SF office property.

Mission Capital Advisors arranges $24.5

million bridge financing

February 19, 2016

Stamford, CT According to Mission Capital Advisors, a leading national real estate capital markets solutions firm, its debt & equity finance group has arranged a $24.5 million loan for 9 West Broad St., a 191,000 s/f office property.

The Mission Capital team of Jordan Ray, Ari Hirt, Steven Buchwald, and Lexington Henn represented the sponsor, a joint venture between certain funds managed by Westport Capital Partners LLC and Forstone Capital, in securing the financing from a global real estate and investment management firm.

After acquiring a nearly vacant building in 2013, Westport and Forstone have leased a majority of the building and repositioned the property by building a brand new driveway and ramp, renovating the ground-floor cafeteria, creating a fitness center, and enhancing conference rooms, lobbies, and common areas. With the financing in hand, ownership plans to complete its wide-scale renovations, including an entire recladding of the building exterior.

“This transaction is another example of our ability to secure extremely favorable financing on behalf of clients that are looking to add value to office properties in downtown and suburban locations,” said Hirt.
The property has 540 onsite parking spaces and a shuttle service to the Stamford
Transportation Center.

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Source: Commercial Real Estate Direct

Mission Capital Advisors is in the process of selling a number of net-leased properties on behalf of UBS.

Mission Capital Offers Retail, Industrial Properties on UBS' Behalf

February 18, 2016

Mission Capital Advisors is in the process of selling a number of net-leased
properties on behalf of UBS.

The assets are a 119,600-square-foot store that's net leased to BJs Wholesale Club in Greece, N.Y., and a portfolio of six net-leased industrial properties with 1.27 million sf in the Carolinas, Illinois, Indiana and Tennessee. The properties are among those that had been transferred to a bad bank created by the Swiss National Bank
following the capital markets' collapse in 2008.

Mission Capital, which is best known for selling loans on the secondary market and
arranging financing for its clients, has become a regular property broker and long had a relationship with UBS, helping it sell, among other things, residential mortgages. It's also become adept at selling properties, given the work it has done for CMBS special servicers, which often has involved selling foreclosed assets, or real estate-owned.

The BJs property, which is just northwest of Rochester, N.Y., is leased to the retailer through 2026, but that could be extended. It was constructed in 2006 specifically for the retailer.

Mission Capital is conducting a two-stage bidding process for the property. A first
round of offers will take place in the coming days, with a second, final round taking place by roughly the middle of next month. The thinking is that the retail property could sell for $15 million or so.

Meanwhile, it's already received offers for the industrial portfolio, which UBS had
acquired as part of a sale-leaseback transaction. Four of the buildings are occupied by Baldor Electric Co., a maker of industrial motors that was acquired by ABB Ltd. of Switzerland four years ago, and the remaining properties are occupied by Rockwell Automation and Master Power Transmission.


While leases at the properties have relatively short fuses – roughly four years or so – each of their tenants has invested their own capital customizing their respective facilities. As a result, it could be likely that each tenant renews their lease, each of which pays what are below-market rents. The tenants each use the properties to manufacture specialized components.

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Source: Real Estate Finance & Investment

Mission Capital’s Ari Hirt discusses Brooklyn’s growing office market.

Breakfast briefing: Brooklyn’s office market

sees demand soar

February 15, 2016
By Elizabeth Blosfield

Now considered one of the largest office markets in the country, Brooklyn has
carved out its own ecosystem apart from Manhattan as more people are drawn to
the vibrancy of its live, work, play environment, according to panelists at Real Estate
Finance & Investment’s latest breakfast briefing, held at the Lamb’s Club in New York. As more people flock to the borough, office product is in high demand, but Brooklyn’s market still presents some challenges for development, panelists agreed.

“Over the years, Manhattan has become sort of homogeneous, and
people don’t see the same vibrancy there as they do in Brooklyn,” said Tyler Wilkins, partner at Quinlan Development Group. “As more people move to Brooklyn, there is more pent up demand for new office product, but the question is how many of these projects
will actually come to fruition,” added Richard Warshauer, senior managing
director at Colliers International.

This is because it can be more difficult for developers to secure financing for office
developments in Brooklyn than in Manhattan. “When looking for financing, one earlier challenge for Brooklyn office owners is proving market rents in a submarket that is experiencing such explosive growth. There can be a substantial difference between last year’s and this year’s rents. That challenge has started to subside since there is now more viable data out there – and rents have also started to plateau,” Wilkins said.

Brooklyn’s rapid growth began with the private sector getting priced out of Manhattan, stated Paul Selver, co-chair of the land use department at Kramer Levin Naftalis & Frankel. “That generated growth in Brooklyn, and that growth became internalized and accelerated as more businesses moved out of Manhattan, establishing Brooklyn as a full-service community with its own unique blend of
housing, jobs, shopping and entertainment,” he said.


This period of rapid growth can make conducting due diligence and valuation for properties difficult, added David Heiden, principal at W Financial, explaining that the firm recently ran into challenges with two industrial-to-flex office conversion deals located on the
border of Bushwick and Ridgewood. “People are getting priced out of
Manhattan and expanding to the boroughs at a rapid rate,” he stated. “The rapid growth has made it difficult to find comparables, so we had to go outside of the location to find other comps for the project and adjust them downward.”
Another stumbling block that office developers are running into is that much of the available space for development is located in manufacturing zones, particularly near the popular waterfront. “You can’t build a 20-story office tower in a manufacturing zone, and it has really changed everyone’s thinking regarding waterfront development,” Warshauer said. “People are being very careful about the structures they are putting there. The lack of comps is also making development difficult, because not everyone wants to be a pioneer. Building a one-million-square foot office park in Red Hook is a chancy venture at this time.”
Transportation, particularly near the waterfront, is also something to take into consideration for office development, especially given recent speculation that challenges with the L train could lead to a closure for a period of time going forward, added Warshauer. “Nothing is official yet, but people are definitely scared,” Wilkins said. “The future of the L train will have an immediate impact on places like Williamsburg.”
Despite these challenges, Brooklyn’s market presents many attractive opportunities for office development due to robust job growth, economic incentives and lower office rents. “Office tenants can shave off twenty dollars per square foot in rent, so there are tons of reasons why it makes sense to be here,” Wilkins stated.
With this in mind, Mission Capital is advocating that developers and investors think more about up and coming areas throughout Brooklyn and nearby areas in Queens, such as Bushwick and Ridgewood, as they become more popular among tenants due to lower rents, said Ari Hirt, managing director of the debt and equity finance group at Mission Capital.
“We have been using the comps to get people to look at the lack of alternatives for renting office space in established places like Dumbo and Williamsburg, where rents are around $70 per square foot,” he said. “In Bushwick, tenants are renting in the
$40s per square foot. Brooklyn is where everyone wants to be now. Tech workers are saying, ‘Why commute to Manhattan when I can work here where I live?’ People who live in Brooklyn want to stay in Brooklyn to work, so we need to create office space for those people.”

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Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a 119,600-square-foot, big-box retail property located at 300 Bellwood Drive in Greece, New York.

Media Contact: Amanda Ferraro Beckerman

aferraro@beckermanpr.com
201-649-1186

FOR IMMEDIATE RELEASE

UBS Taps Mission Capital Advisors to Sell 119,600-SF Big Box Retail Property in

Rochester Suburb

National Advisory Firm Marketing Fully-Leased Property in Close Proximity to

Rochester’s Central Business District

ROCHESTER, N.Y. (Feb. 10, 2016) – Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a 119,600-square-foot, big-box retail property located at

300 Bellwood Drive in Greece, New York.
Michael Britvan and Adam Grant of Mission Capital Advisors will procure a buyer for the triple- net-leased property, which is situated in close proximity to Rochester’s central business district, and is 100 percent occupied with a long-term lease by BJ’s Wholesale Club.
“Given the long-term stability and strategic location of the asset, we expect there will be a great deal of investor interest in this property,” said Britvan. “The property is ideal for a wide range of funds, REITs and other institutional investors that are attracted to its strength.”
The property, known as BJs Wholesale Club Greece, encompasses more than 11 acres, and is located within the Canal Ponds Business Park, a 300-acre site on the western side of New York State Route 390. The Canal Ponds Business Park is home to more than 2 million square feet of industrial and office facilities, as well as 500,000 square feet of retail, hotel and restaurant facilities.
In addition to BJs Wholesale Club, the property includes a BJs gas station and a small auxiliary building constructed in 2006. The site, which features ample parking, is easily accessible from exit 22 of Route 390, a well-travelled expressway just east of the asset.
A national real estate capital markets solutions firm, Mission Capital is extremely active in arranging investment sales, loan sales and debt and equity financing on properties across the country.

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, Florida, Texas, California and 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 $65 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.www.missioncap.com.

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Source: Globe Street

Mission Capital’s Michael Britvan anticipates broad-based interest from REITs and other institutional investors that are drawn to “the cash flow that these properties generate.”

UBS Taps Mission For NNN Industrial Portfolio

February 10, 2016 By Paul Bubny

NEW YORK CITY—Mission Capital’s Michael Britvan anticipates broad-based interest from REITs and other institutional investors that are drawn to “the cash flow that these properties generate.”

NEW YORK CITY—Mission Capital Advisors’ asset sales group has been named exclusive sales agent on behalf of UBS to market a 1.27-million-square-foot industrial portfolio. The six triple-net leased properties are located across the Southeast and Midwest.
“With full occupancy and long-term, triple-net leases in place with prominent tenants at all six buildings, these properties will be very attractive to investors,” says Michael Britvan, New York City-based managing director at Mission Capital. “We expect to receive a great deal of interest from a wide range of funds, REITs and other institutional investors that are attracted to the cash flow that these properties generate.”
Britvan and Adam Grant, a VP based in Mission Capital’s Newport Beach, CA
office, will procure up to six buyers for the properties, which are located in the

states of North Carolina, South Carolina, Indiana, Illinois and Tennessee. They range in size from 160,120 to 255,560 square feet; all are fully occupied.
Four of the properties are occupied by Baldor Electronics; Rockwell Automation and Master Power Transmission each occupy one building. The buildings were built between the 1960s and the 1990s.
Recent industry forecasts have boded well for the industrial sector’s continuing appeal to investors. In its latest US Marco Forecast, Cushman & Wakefield reported that warehouse/distribution space is poised to benefit from “a more confident, higher-spending consumer. In general, the positive outlook for the US labor market bodes well for this segment via spending, e-commerce and an expected increase in single-family construction. All these factors have been major drivers behind record-setting demand in the past couple of years.”
Similarly, the 2016 edition of the annual “Expectations & Market Realities in Real Estate” report from Situs RERC, Deloitte and the National Association of Realtors projected a “bright” outlook for industrial this year, with conditions “closing in on a full recovery.” Net absorption is projected to reach 213.7 million square feet in
2015 and 168.3 million square feet in 2016, the report says
“Given the strong and rising demand, industrial availability rates are projected to decline to 9.7% in 2015 and 9.5% in 2016,” according to the Situs/Deloitte/NAR report. It says that average rents across the US were expected to show a 6.2% annual increase when fourth-quarter 2015 data were tallied, and an additional
6/2% rise in the current year.
The report cites expectations that investments in industrial properties will continue on an upward trajectory, driven by increasing demand for distribution and intermodal centers. “As cap rate compression brought industrial yields more in line with the other property types, a rising interest rate environment is likely to add downward pressure on spreads.”

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Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a portfolio of six industrial properties, comprising approximately 1.27 million square feet of rentable space.

Media Contact: Shlomo Morgulis Beckerman

smorgulis@beckermanpr.com
201-465-8007

FOR IMMEDIATE RELEASE

UBS Taps Mission Capital Advisors to Market 1.27 Million Square Feet of NNN Industrial Properties

National Advisory Firm Seeks Up To Six Buyers For Fully Leased Properties

NEW YORK (Feb. 9, 2016) – Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Asset Sales Group has been named by UBS as the exclusive sales agent for a portfolio of six industrial properties, comprising approximately

1.27 million square feet of rentable space.
Michael Britvan and Adam Grant of Mission Capital Advisors will procure up to six buyers for the fully occupied, triple-net-leased properties, which are located in the states of North Carolina, South Carolina, Indiana, Illinois and Tennessee.
“With full occupancy and long-term, triple-net leases in place with prominent tenants at all six buildings, these properties will be very attractive to investors,” said Britvan. “We expect to receive a great deal of interest from a wide range of funds, REITs and other institutional investors that are attracted to the cash flow that these properties generate.”
The six properties range from 160,120 to 255,560 square feet. Four of the properties are occupied by Baldor Electronics, while Rockwell Automation and Master Power Transmission each occupy one building. The buildings were built between the 1960s and the 1990s.
A national real estate capital markets solutions firm, Mission Capital is extremely active in arranging investment sales, loan sales and debt and equity financing on properties across the country.

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, Florida, Texas, California and 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 $65 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.www.missioncap.com.

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