April 25, 2024 12:04 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Inside a $151M real estate financing deal

Mike Sunnucks | Phoenix Business Journal

A commercial mortgage bank Newmark has secured $151 million in financing for a 4 million-square-foot industrial portfolio in Phoenix.

Newmark is based in San Francisco but has a Phoenix office.

Principal Tim Storey and Associates Vice President Chad Metzger secured the 15-year financing for Presson Cos. through VOYA.

“Given the high quality of the sponsorship and the underlying real estate, there was significant interest from the institutional lending community in this opportunity,” said Newmark’s Storey. “After a thorough vetting of the market, VOYA ended up offering the best overall solution for the borrower’s portfolio and future plans. The team at VOYA not only delivered superior terms, but executed quickly and decisively on a challenging deal with many moving parts.”

READ ON:

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.