In other Southeast capital markets news, HFF arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North and South Carolina, Georgia, and Mississippi. HFF represented the borrower-sponsor, Cole Credit Property Trust IV, to place the seven-year, fixed-rate loan with Voya Investment Management. HFF will service the loan.

Of the seven retail properties in the portfolio, three are in South Carolina near Charleston and Greenville-Spartanburg: Walmart Neighborhood Market in Summerville (Charleston); Poplar Springs Plaza in Duncan (Greenville-Spartanburg); and Tire Kingdom & Starbucks in Mount Pleasant (Charleston MSA). The setail portfolio also includes two Georgia properties: Albany Square in Albany and East-West Commons in Austell (Atlanta); Morganton Heights at 400 Henredon Road in Morganton, North Carolina; and The Ridge at Turtle Creek in Hattiesburg, MS. National retailers, including Walmart Neighborhood Market, Publix, Academy Sports, Belt, Dick's, T.J. Maxx, Ross Dress for Less, Hobby Lobby and Bealls, anchor all the retail properties.

HFF senior managing director Kevin Mackenzie, director Greg Brown, and associate director Cory Fowler. Brown says, “Using our marketing process and the strength of the sponsorship coupled with the cross collateralization of the portfolio, we were able to provide the client with multiple balance sheet lender options and, ultimately, were able to close with an excellent lender in Voya within the client's desired timeframe.”

Atlanta also recently saw back-to-back trophy multifamily sales. Read about it here.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.

ATLANTA—Commercial real estate assets across the Southeast are winning the confidence of investors. RADCO just inked more than $32 million in short-term floating-rate financing for multifamily assets in Atlanta and South Carolina and a portfolio of seven retail centers in North and South Carolina, Georgia, and Mississippi.

Cushman & Wakefield's Atlanta Equity, Debt & Structured Finance Group secured $32 million-plus so RADCO can acquire and execute capital improvement plans for Stanton Place Apartments near Atlanta and The Reserve at Ashley River in North Charleston, SC.

A regional bank provided financing for Stanton Place, a 240-unit garden-style multifamily community near Interstate 75 and Kennesaw State University in Acworth. The multifamily asset was built in 2001. A national bank provided financing for The Reserve at Ashley River, a 280-unit garden-style multifamily community built in 1974. RADCO's business plan calls for the implementation of a combined $6.3 million in capital improvements at the communities.

“In both cases, we were able to tout RADCO's hands-on management style in order to provide lenders comfort with RADCO's plan to increase income through implementation of their proven value-add process,” says Mike Ryan, senior managing director in Cushman & Wakefield's Equity, Debt & Structured Finance Group. He says RADCO's track record helped get the deal done. The opportunistic investor has acquired over 60 multifamily assets since 2011.

In other Southeast capital markets news, HFF arranged $62 million in first lien financing for a portfolio of seven retail centers totaling 805,803 square feet in North and South Carolina, Georgia, and Mississippi. HFF represented the borrower-sponsor, Cole Credit Property Trust IV, to place the seven-year, fixed-rate loan with Voya Investment Management. HFF will service the loan.

Of the seven retail properties in the portfolio, three are in South Carolina near Charleston and Greenville-Spartanburg: Walmart Neighborhood Market in Summerville (Charleston); Poplar Springs Plaza in Duncan (Greenville-Spartanburg); and Tire Kingdom & Starbucks in Mount Pleasant (Charleston MSA). The setail portfolio also includes two Georgia properties: Albany Square in Albany and East-West Commons in Austell (Atlanta); Morganton Heights at 400 Henredon Road in Morganton, North Carolina; and The Ridge at Turtle Creek in Hattiesburg, MS. National retailers, including Walmart Neighborhood Market, Publix, Academy Sports, Belt, Dick's, T.J. Maxx, Ross Dress for Less, Hobby Lobby and Bealls, anchor all the retail properties.

HFF senior managing director Kevin Mackenzie, director Greg Brown, and associate director Cory Fowler. Brown says, “Using our marketing process and the strength of the sponsorship coupled with the cross collateralization of the portfolio, we were able to provide the client with multiple balance sheet lender options and, ultimately, were able to close with an excellent lender in Voya within the client's desired timeframe.”

Atlanta also recently saw back-to-back trophy multifamily sales. Read about it here.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.