Mission Capital Advisors announced that its Commercial Loan Sales & Trading Group has been named the exclusive loan sale advisor for a portfolio of seasoned performing commercial loans secured by four multifamily properties in California.
Media Contact: Shlomo Morgulis Beckerman
FOR IMMEDIATE RELEASE
Bank Taps Mission Capital Advisors to Sell Performing Commercial Loan
National Capital Markets Advisory Firm Has Traded $2 Billion of Performing Loans Since 2010
NEW YORK (Sept. 17, 2015) — Mission Capital Advisors, a leading national real estate capital markets solutions firm, today announced that its Commercial Loan Sales & Trading Group has been named the exclusive loan sale advisor for a portfolio of seasoned performing commercial loans secured by four multifamily properties in California.
Mission Capital Advisors has been extremely active in selling performing loans on behalf of banks, insurance companies and government-sponsored enterprises, having closed more than $2 billion of performing loans across dozens of transactions over the last several years.
Mission Capital Managing Director of Sales and Trading Tom Hall is overseeing the assignment on behalf of the seller, a California bank. The properties are located in Southern California and have occupancy rates above 90 percent.
“Mission Capital has successfully represented this bank on numerous prior transactions, and we’re enthusiastic to offer another portfolio of performing loans on their behalf,” said Hall. “Loans secured by multifamily properties are highly sought after in today’s market. Our client is aiming to take advantage of the strong bid, often at or above par, from banks and funds eager to acquire portfolios such as this one with attractive loan characteristics and strong underlying collateral.”
Added Hall: “There has been a tremendous appetite for performing CRE loans in the secondary market this year. Sellers exiting portfolios for strategic or risk management reasons are benefiting from a demand for product, a lack of supply and a continued search for yield.”
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.missioncap.com.