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TIC Investors Arrange Nearly $93M Financing

ARLINGTON, VA-JP Morgan Mortgage Capital funds the 10-year, 6.17% fixed-rate interest-only loan, which is 80% leveraged.

By Erika Morphy | Updated on August 14, 2006

(To read more on the debt and equity markets, click here.)

ARLINGTON, VA-A group of TIC investors arranged a $92.7-million financing for the ownership interest in Sequoia Plaza, a three-building office complex totaling 370,639 sf here, from USAA. Some of the TIC investors–entities controlled by Foulger Pratt Companies, Okland Construction, and Reedy Creek Investments–had traded into the Sequoia Plaza with proceeds from the sale of Republic Place, a Downtown Washington, DC office building, according to Holliday Fenoglio Fowler, LP which arranged the financing.

HFF senior managing directors Bill Asbill and Bob Donhauser, and director Cary Abod worked exclusively on behalf of the TIC investors. Sequoia Plaza is located at 2100, 2110 and 2120 Washington Blvd. in Arlington.

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