According to Investcorp, Christopher Hoeffel will join its U.S. based real estate team as managing director with responsibility for its debt investment business. He will report directly to John Fraser and Jonathan Dracos, co-heads of Investcorp's real estate group. He brings 25 years of experience in commercial real estate. He was a founding member of the commercial mortgage group at Bear Stearns.
He holds a bachelor's degree in Business Administration from Georgetown University and master of Business Administration from the University of Pennsylvania's Wharton School.
Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and