CLEVELAND—Holliday Fenoglio Fowler has arranged the $171.5 million refinancing of Pinecrest, a mixed-use lifestyle development in Orange Valley, OH. Square Mile Management originated the refinancing of this 750,000-square-foot Cleveland suburban development.
HFF's Senior Managing Director Trey Morsbach and Managing Director Jim Curtin. represented the borrower, a partnership between Cleveland-based Fairmount Properties, the DiGeronimo Cos and Northeast-based investment manager, in the deal with New York-based Square Mile Capital. The loan will be used to refinance the existing construction debt.
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