National brokerage secures two separate loans on behalf of Hackman Capital Partners.
Media Contact: Shlomo Morgulis Beckerman
FOR IMMEDIATE RELEASE
Mission Capital Arranges $19.3 Million of Financing
for Chicago Industrial Properties
National brokerage secures two separate loans on behalf of Hackman Capital Partners
CHICAGO (August 5, 2016) — Mission Capital Advisors, a national real estate capital markets solutions firm, today announced that its Debt & Equity Finance team arranged $19.35 million in non-recourse financing for eight properties located in and around Chicago. The loans include a $14.4-million bridge loan for six industrial properties, and $4.95 million in acquisition financing for a separate transaction.
The Mission Capital team of Gregg Applefield, Alex Draganiuk and Lexington Henn arranged the loans on
behalf of Hackman Capital Partners.
The six property portfolio of 906,984-square-feet of industrial space is spread out across the Chicago metropolitan area, with the properties located throughout five counties. This portfolio is 89-percent leased, with a weighted average remaining lease term of three-and-a-half years.
“These transactions represent the third and fourth times Hackman has worked with Mission Capital to raise capital for their properties,” Applefield said. “The company recognizes our ability to add significant value by effectively showcasing the positive attributes of commercial real estate, coupled with our deep relationships with both national and local lenders.”
Added Draganiuk: “With vacancy rates in steady decline, the Chicago industrial market is one of the strongest in the country. These strategically located properties have a great deal of upside, and we were able to arrange an extremely strong deal for the sponsor.”
The two additional properties, which comprise approximately 195,436 square feet in two adjacent buildings and are located in Cook County, Chicago, were acquired by Hackman in a sale-leaseback, with Cenveo Corporation.
Hackman Capital Partners is a privately-held real-estate investment and operating company that focuses on the acquisition of industrial properties, including complete facilities with industrial equipment. Hackman Capital also targets infill flex buildings, which the company redevelops for creative-office and other commercial uses.
Founded in 1986, Hackman Capital has conducted more than $2 billion in real estate transactions across
41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million square feet and 24,000 acres of developable land.
The company is based in Los Angeles, California with regional offices in Columbus, Ohio and Boston, Massachusetts. It currently employs 82 people and manages approximately 300 major tenant companies nationwide, including Home Depot, Staples, Coca Cola, Lowe’s, Sony and Lego.
Mission Capital Advisors is extremely active in arranging financing for industrial, office, hotel, multifamily, retail, and self-storage properties across the country. The firm’s recent deals include securing bridge financing for a 1.1-million- square-foot mixed-use property in Sacramento; and arranging first-mortgage financing for a four-building industrial and office property in Los Angeles County.
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