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HFF Arranges Financing for Theaters

DALLAS--HFF has arranged $27.877 million in acquisition financing for an 11-property theater portfolio totaling 109 Cinemark- and Regal-branded screens in eight states.

By Anna Caplan | Updated on April 11, 2015

DALLAS–HFF has arranged $27.877 million in acquisition financing for an 11-property theater portfolio totaling 109 Cinemark- and Regal-branded screens in eight states.

HFF worked on behalf of the borrower, a joint venture between United Development Company LLC and Iron Point Real Estate Partners III LP, to secure the two-year, floating-rate loan through CapitalSource, a division of Pacific Western Bank. Loan proceeds will be used for the acquisition of the portfolio and real estate improvements to four locations with restructured leases.

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