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Green Park Closes $337M Deal

Green Park Financial closed a refinance package worth more than $337 million for a portfolio of 55 properties located primarily in the West and Southwest. Nomura Securities International Inc. provided the funds, which were put together and underwritten by a Green Park team led by vice president Andrew Tapley. Scott Jansen of Black Diamond Capital originated the financing.

By Sule Aygoren Carranza | Updated on October 24, 2006

Sule Aygoren Carranza is managing editor of Real Estate Forum and editor of Multi Housing forum, from which this article is excerpted.

Bethesda, MD—Green Park Financial closed a refinance package worth more than $337.1 million for a portfolio of 55 properties located primarily in the West and Southwest. Nomura Securities International Inc. provided the funds, which were put together and underwritten by a Green Park team led by vice president Andrew Tapley. Scott Jansen of Black Diamond Capital originated the financing.

The borrower, a private investor, was a repeat customer for Green Park. The locally based company closed a $156-million loan last year for a portfolio of 59 Los Angeles-area properties ranging between 20 and 80 units, according to Tapley. “They then returned to us with an opportunity to refinance this much larger portfolio,” he says, noting that the existing relationship made it easier to put together the deal.

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