The largest refinance was a $14.5 million loan on 88 E. Broad St., a 253,309-sf class A office building in Downtown Columbus, OH. Bear Stearns provided a 24-month floating rate bridge loan on an interest only basis.
In the Denver deal, Bear Stearns provided a 24-month floating rate bridge loan for $6.2 million for Plaza 6000, a 104,000-sf office building at 6000 E. Evans Ave.
The third deal was a $5.175-million fixed-rate loan on the Summit building, an 80,600-sf building in Silver Springs, MD. The loan provides a five-year term with a 30-year amortization schedule.
Minshall Stewart aligns itself with institutional capital providers and invests in opportunistic real estate deals where it can add value. L.J. Melody, based in Houston, is a CB Richard Ellis company. It is one of the largest real estate investment banking firms in the U.S. Over the past two years, it arranged $13 billion in commercial real estate deals nationwide.
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