Oaktree is a leader among global investment managers specializing in alternative investments with $97 billion in assets under management as of March 31. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities.

“Because of the portfolio's geographic diversification, several lenders were ill equipped to underwrite a deal that had so many different moving parts, including dozens of buildings and hundreds of tenants,” said Draganiuk. “We received numerous compelling loan offers, at low, moderate, and extremely high leverage. We were able to offer our client a menu of options to finance this deal. Ultimately, they decided to go with the lower leverage bank option which had very compelling pricing, and gave them the maximum amount of prepayment flexibility with no minimum interest requirement.

Founded in 2002, Mission Capital Advisors is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California, and Raleigh, NC.

NEWPORT BEACH, CA—Mission Capital Advisors, a national real estate capital markets solutions firm, says that early this month its Debt & Equity Finance team arranged $64.9 million in non-recourse bridge financing for a portfolio of 11 real estate assets located across the United States.

New York

The Mission Capital team of managing director Chad Coluccio, director Alex Draganiuk, and analyst Eugene Shevaldin arranged the floating-rate loan on behalf of Sabal Financial Group, L.P. and funds managed by Oaktree Capital Management. The 11 properties comprise a total of approximately 1.4 million square feet, and are located in Arizona, Arkansas, Connecticut, New York, Pennsylvania, and Tennessee. Composed primarily of office space, the portfolio also includes some flex and retail facilities.

“The sponsor acquired these assets in 2014 and has been very successful at adding value and increasing occupancy,” said Coluccio. “We were able to arrange very strong terms for the borrower, including a future funding component that will go into effect upon further property lease-up across the Portfolio.”

Sabal Financial Group is a diversified financial services firm, specializing in real estate, banking and lending. The firm has expertise in resolving distressed properties, and currently has holdings of several hundred REO assets.

Oaktree is a leader among global investment managers specializing in alternative investments with $97 billion in assets under management as of March 31. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities.

“Because of the portfolio's geographic diversification, several lenders were ill equipped to underwrite a deal that had so many different moving parts, including dozens of buildings and hundreds of tenants,” said Draganiuk. “We received numerous compelling loan offers, at low, moderate, and extremely high leverage. We were able to offer our client a menu of options to finance this deal. Ultimately, they decided to go with the lower leverage bank option which had very compelling pricing, and gave them the maximum amount of prepayment flexibility with no minimum interest requirement.

Founded in 2002, Mission Capital Advisors is a leading national, diversified real estate capital markets solutions firm with offices in New York City, Florida, Texas, California, and Raleigh, NC.