Source: RE Business Online

Mission Capital has arranged a $16.5 million bridge loan for Valley Square, an office complex in Blue Bell, PA.

Mission Capital Arranges $16.5M Loan for Valley Square Office Complex in Pennsylvania

March 30, 2016 By Amy Works

Located at 512 Township Line Road in Blue Bell, Pa., Valley Square consists of five

buildings offering a total of 289,184 square feet of office space.

BLUE BELL, PA. — Mission Capital Advisors has arranged a $16.5 million bridge
loan for Valley Square, an office complex located at 512 Township Line Road in Blue Bell. Steven Buchwald and Lexington Henn of Mission Capital secured the loan for the borrower, Contrarian Capital Management. After acquiring the five-building,
289,194-square-foot complex in 2013 for $8.5 million, Contrarian and its operating partner, Corvest Realty Group, implemented millions of dollars of capital improvements at the property and substantially leased many of the upgraded buildings. Originally constructed in 1983, the property is located approximately 20 miles northwest of Philadelphia.

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Mission Capital Advisors Debt & Equity Finance Group has arranged $24.6 million of first-mortgage bond financing from CGA Capital on behalf of Friedman Capital and an insurance company partner for the acquisition of 810 5th Street NW, a newly renovated property in the East End submarket of Washington, D.C.

Media Contact: Amanda Ferraro Beckerman

aferraro@beckermanpr.com
201-649-1186

FOR IMMEDIATE RELEASE

Mission Capital Advisors Arranges $24.6M in Acquisition Bond Financing for

Newly Renovated Women’s Homeless Shelter in Washington, D.C.

High-Leverage, Long-Term Financing Demonstrates Mission Capital’s Diverse Financing

Capabilities

WASHINGTON, D.C. (March 29, 2016) —Mission Capital Advisors Debt & Equity Finance Group has arranged $24.6 million of first-mortgage bond financing from CGA Capital on behalf of Friedman Capital and an insurance company partner for the acquisition of 810 5th Street NW, a newly renovated property in the East End submarket of Washington, D.C.

The Mission Capital team of Jordan Ray, Steven Buchwald and Eugene Shevaldin represented the sponsors in arranging acquisition financing for the 32,246-square-foot, triple-net leased property, which is leased by the District of Columbia’s Department of Human Services. The building includes housing, administrative offices and professional development facilities. The property will provide temporary assistance and support to homeless women while helping them maximize their potential for economic security and self-sufficiency by offering on-site assessment and case management.

“We knew this was a transaction that some capital providers might shy away from based on its specialty use,” said Ray, a principal of the firm. “Ultimately, CGA Capital was able to get comfortable with the lease signed by the District and provide our clients with a 20-year high-leverage credit tenant loan.”

Buchwald added: “As is common with GSA leases, this lease includes clauses that can be perceived as ambiguous. One of the challenges we faced was ensuring that lenders were at ease with these clauses. All in all, it was a solid loan for this asset and great execution for all.”

Added Mission Capital principal David Tobin: “Both Mission and our clients believed strongly that the property was sorely needed to address the needs of the homeless in Washington D.C. We’re honored to collaborate with Friedman Capital on this project and assist in bringing this philanthropic need to the district.” Tobin also mentioned that Mission will be donating a portion of its fee to the shelter.

Friedman Capital is a Washington D.C. based, family-owned investment firm founded by Brian Friedman that owns operating companies, including various real estate platforms. The firm is excited to acquire the socially responsible property for its generational portfolio as it sees the investment as an interest rate hedge due to the lease’s 20-year term and annual rent bumps.

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 Raleigh, North
Carolina. 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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Mission Capital Advisors, a national real estate capital advisory firm, today announced that its Debt & Equity Finance team arranged a $16.5 million bridge loan for Valley Square, a five-building, 289,194-square-foot office complex located at 512 Township Line Road in Blue Bell, Pennsylvania.

Media Contact: Shlomo Morgulis Beckerman

smorgulis@beckermanpr.com

201-465-8007

FOR IMMEDIATE RELEASE

Mission Capital Arranges $16.5 Million in Bridge Financing for

Valley Square Office Complex in Blue Bell, Pa.

Mission’s Second Suburban Office Financing for Contrarian Capital

BLUE BELL, Pa. (March 29, 2016) — Mission Capital Advisors, a national real estate capital advisory firm, today announced that its Debt & Equity Finance team arranged a $16.5 million bridge loan for Valley Square, a five-building, 289,194-square-foot office complex located at 512 Township Line Road in Blue Bell, Pennsylvania. The Mission Capital team of Steven Buchwald and Lexington Henn arranged the loan on behalf of Contrarian Capital Management, a Connecticut-based investment firm (“Contrarian”).

After acquiring the complex in 2013 for only $8.5 million, Contrarian and operating partner Corvest Realty Group implemented millions of dollars of capital improvements at the property and substantially leased many of the upgraded buildings.
“Because Valley Square was acquired at such a low basis, the property has a competitive advantage, as it provides a value alternative for office tenants looking for space in the submarket,” Buchwald said. “The sponsor has successfully repositioned the property, resulting in great leasing velocity and momentum.”
Originally constructed in 1983, Valley Square is located in the heart of Pennsylvania’s Montgomery County, approximately 20 minutes northwest of Philadelphia. The property provides easy access to the Pennsylvania Turnpike and other major thoroughfares.
Contrarian focuses on senior and distressed debt. The firm has invested approximately $1.1 billion in
112 domestic real estate transactions, and has more than $3 billion of assets under management.
Headed by Michael Corenzwit, Corvest Realty Group is a real estate investment company that specializes in repositioning commercial properties in the Philadelphia region.
Mission Capital Advisors is extremely active in arranging financing for office, hotel, multifamily, retail, industrial and self-storage properties across the country. Recent office deals include securing $41 million in financing for 1110 American Parkway NE, an office property in Allentown, Pennsylvania; arranging $45
million in financing for 1825 Park Avenue, a commercial building in Manhattan; and closing a $24.5 million loan for 9 West Broad Street, an office property in Stamford, Connecticut.

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 Raleigh, North Carolina. The firm delivers value to its clients through an integrated platform of advisory and transaction management services across debt, mezzanine and JV equity placement; commercial and residential loan sales; 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 financing and loan sale 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: RE Business Online

Mission Capital has secured $45 million in finacing for the acquistion of a commercial property located at 1825 Park Ave in Harlem.

Mission Capital Secures $45M Loan for Savanna’s Acquisition of Manhattan Commercial Property

March 8, 2016 By Amy Works

Savanna has acquired the 135,000-square-foot retail and office property located at

1825 Park Ave. in Manhattan for $48 million.

NEW YORK CITY — Mission Capital has secured $45 million in financing for the acquisition of a commercial property located at 1825 Park Ave. in Manhattan’s Harlem. Savanna acquired the 135,000-square-foot property for $48 million. At the time of sale, the 12-story building was 55 percent occupied by a mix of retail and office tenants, including JP Morgan Chase and Popeye’s. Jonathan More, Ari Hirt and Jamie Matheny of Mission Capital arranged the financing for the acquisition. The name of the seller was not released.

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Source: Commercial Real Estate Direct

TPG has provided Savanna with $45 million in acquistion financing for its recent purchase of 1825 Park Ave in Harlem. Mission Capital arranged the financing.

TPG Real Estate Lends $45Mln Against Harlem Office

March 7, 2016

By Orest Mandzy

TPG Real Estate Finance Trust has provided $45 million of financing against 1825 Park Ave., a 135,000-square-foot office building in Manhattan's Harlem area.
The financing was arranged by Mission Capital Advisors.

The collateral property, a 12-story building that was constructed in 1901, recently
was acquired by Savanna Partners for $48 million, or $355.55/sf. The private-equity
firm purchased the property, which is 55-percent leased, from Giscombe Realty
Corp. and plans to reposition it into high-end offices – a relatively rare commodity in Harlem.

Current tenants include a music studio that most recently was occupied by Stadiumred, and had been used by, among others, jazz great Ornette Coleman.
Savanna expects to renovate the property's entrance, upgrade the building's facade,
heating, ventilation and air-conditioning systems, electrical and common areas. The building is at the corner of 125th street, the main thoroughfare in Harlem. It is within a block of a number of subway lines and next to a Metro North commuter rail station.

"It took just three weeks from the time we approached the ultimate lender, TPG,
until we had a fully negotiated, executed term sheet," explained Mission Capital's Jonathan More.

Mission Capital was founded some 15 years ago with a focus on helping banks and
other lenders dispose of their unwanted loans. Over the years, it has broadened the scope of its business and now also sells properties and arranges financing for its clients. Most recently, it arranged $81.5 million of financing from Natixis Real Estate Capital against 40-42 Exchange Place, a 251,700-sf office building in lower Manhattan. The property was purchased by a venture of Newmark Holdings and Northwind Group, which plans to reposition it.

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Source: Globe Street

TPG has provided Savanna with $45 million in acquistion financing for its recent purchase of 1825 Park Ave in Harlem. Mission Capital arranged the financing.

Savanna Lands Financing For Harlem Office Buy

March 3, 2016 By John Jordan

NEW YORK CITY—The financing for the purchase of the 136,000- square-foot property, which Savanna plans to upgrade and position as an institutional quality asset, was provided by TPG, GlobeSt.com has learned EXCLUSIVELY.

NEW YORK CITY—TPG has provided Savanna with $45 million in acquisition financing for its recent purchase of 1825 Park Ave., in Harlem, Globest.com has learned exclusively. Capitalizing on the very limited supply of high-quality office space in the area, Savanna plans to implement significant upgrades to the
135,000-square-foot building, repositioning it as a best-in-market office property.

Mission Capital Advisors arranged the financing deal for the purchase of the

12-story property.Savanna bought the building in January from Giscombe Realty Corp. in a deal valued at $48 million. Planned improvements include a lobby and entrance renovation, facade upgrade, HVAC and electrical improvements and renovation of the common areas and restrooms.

Jonathan More, Ari Hirt, and Jamie Matheny of Mission Capital

Advisors arranged the loan on behalf of Savanna, one of the city’s most active private equity firms.
“In keeping with the firm’s mantra of investing in New York’s growing neighborhoods, Savanna uncovered and came into control of this pre-war gem at the crossroads of Park Avenue and 125th Street, Harlem’s main commercial thoroughfare,” More tells Globest.com. “Given Savanna’s attractive basis,
superb property location and reputation as a best-in-class office operator, the Mission Capital team was swiftly able to make a market of interested capital sources looking to finance this transaction.”
He adds that it took just three weeks from the time Mission Capital approached TPG until it secured a fully negotiated, executed term sheet. “TPG was focused, professional and fair in their negotiations and process,” he notes.
“There is currently an underserved market for high-quality office product in Upper Manhattan,” Hirt adds. “Savanna will capitalize on this market need and increase cash flow through building improvements and aggressive lease-up.”
1825 Park Ave. is approximately 55% occupied by a mix of retail and office tenants. The retail tenants at the property include JP Morgan

Chase and Popeye’s.

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