Save the date: RealShare Apartments East comes to the Hyatt Regency in Miami, FL, on February 26.
ORLANDO—HFF has secured $50 million in refinancing for three office properties spanning more than 780,000 square feet in Central Florida. The office buildings are:
Quorum Center and Oakridge Office Park in Orlando and 850 Trafalgar in Maitland.
HFF worked exclusively on behalf of the borrower, a joint venture between The Praedium Group and Tower Realty Partners, to secure the loans. There were two separate transactions. HFF placed two 10-year, fixed-rate loans for Quorum Center and 850 Trafalgar with UBS Real Estate Finance Group. The 10-year, fixed-rate loan for Oakridge Office Park was placed with Morgan Stanley. All three non-recourse, securitized loans were priced in the mid four percent range.
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