Guggenheim provides $112m in CMBS loans

Guggenheim Partners has provided $112m in CMBS financing on eight office properties located across four US states. A $95m chunk of the financing backs a family of Brazilian investors in its acquisition of a portfolio of six office properties occupied by Wells Fargo. The 10-year loan carries a 65% loan-to-value.

Guggenheim Partners has provided $112m in CMBS financing on eight office properties in four US states.

A $95m chunk of the financing, arranged by CBRE, backs a family of Brazilian investors on its acquisition of six-property office portfolio occupied by Wells Fargo. The 10-year loan carries a 65% loan-to-value.

Wells Fargo Linden Center Winston-Salem
Wells Fargo Linden Center Winston-Salem

The properties, totaling 1.6m sq ft, are located at 3579-3585 Atlanta Avenue in Atlanta, Georgia; 401 Linden Street, 809 West 4½ Street and 801 West 4 Street in Winston-Salem, North Carolina; 101 Greystone Boulevard in Columbia, South Carolina; and 7711 Plantation Road in Roanoke, Virginia.

In a separate deal, Guggenheim Commercial Real Estate Finance provided an Atlanta-based entity managed by Levin Properties with fixed-rate, 10-year CMBS loans totaling $17m to refinance two office properties in Atlanta, Georgia. The firm noted that the loans were representative of the “first wave of upcoming 10-year loan maturities originated near the peak of the last market cycle.”

A $9m loan refinances Plaza Square North, a 100,254 sq ft, five-story office building at 4360 Chamblee Dunwoody Road; and a nearly $8m loan refinances One Tower Creek, a 98,774 sq ft, seven-story office building at 3101 Tower Creek Parkway. Plaza Square North is 98 percent occupied by multiple tenants and One Tower Creek, anchored by Consolidated Container Company, is 88 percent occupied.

 

 

 

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