Property Types Multi-Family
May 14, 2009
Commercial property investment firm BH Properties L.L.C., has secured a 12-property portfolio financing loan valued at approximately $59 million from Wells Fargo's real estate banking group. The properties consist of retail, warehouse and office and are located in Oregon, Florida, Georgia, Utah, Virginia, Texas, Kansas and California. “Two years ago a loan like this wouldn’t have merited much notice, but in this liquidity starved market we’re especially proud of this achievement. It underscores the value of our banking relationship with Wells Fargo as well as Wells Fargo’s ongoing commitment to the real estate community,” commented Steve Jaffe, executive vice president of BH Properties. The financing, which consists of a two-year term, also offers a one-year extension option.
Commercial property investment firm BH Properties L.L.C., has secured a 12-property portfolio financing loan valued at approximately $59 million from Wells Fargo's real estate banking group. The properties consist of retail, warehouse and office and are located in Oregon, Florida, Georgia, Utah, Virginia, Texas, Kansas and California. “Two years ago a loan like this wouldn’t have merited much notice, but in this liquidity starved market we’re especially proud of this achievement. It underscores the value of our banking relationship with Wells Fargo as well as Wells Fargo’s ongoing commitment to the real estate community,” commented Steve Jaffe, executive vice president of BH Properties. The financing, which consists of a two-year term, also offers a one-year extension option.
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