LJ Melody & Co., the real estate investment banking arm of real estate services firm CB Richard Ellis, orchestrated the financing on behalf of borrower and building owner, which acquired the property one year ago for $37.5 million. Craig Mueller, director of the financing firm's Newport Beach office, looked to AIG/Sun America/American General to provide the fixed-rate, five-year loan for the borrower.
Organizations such as the American Academy of Actuaries, the National Association of County and City Health Officials, Puerto Rico Federal Affairs, Rails to Trails Conservancy, and a number of law firms make their home in the 12-story high-rise structure.
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