FRISCO, TX-Hall Financial Group has refinanced a three-property, 375,694-square-foot office portfolio within Hall Office Park. Deutsche Bank Securities Inc. provided a $43.1 million loan to the Dallas-based developer and owner.
The existing portfolio loan on the three buildings was maturing this year, according to HFF managing director Steve Heldenfels. He and Whitaker Johnson, a senior managing director with HFF, arranged the financing for Hall Financial.
“The timing was very important to the borrower,” Heldenfels says, adding that Deutsche Bank was able to fund the loan in less than 40 days from initial application. “Deutsche Bank had a great deal on the table, well priced and showed a lot of service and that they could close in time, won the deal on service and providing best loan terms.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
