Silverstein and D'Lando of Angelic Real Estate finance $5.63 million

Angelic Real Estate structured and placed a $5.63 million acquisition and good news first lien financing for 610 Uptown Blvd. in Cedar Hills, a south suburb of Dallas. The property is a class A suburban office building anchored by Strayer University and global shared office leader, Regus. The Angelic team was lead by Gabriel Silverstein, in Manhattan, along with Louis D'Lando of the company's Boca Raton, FL office. "The property is in a great master-planned, expanding mixed use location," said Silverstein, "the borrower's timing on the purchase and their demonstrated ability to lease up good buildings will prove this a great buy for them." The borrower was a Houston-based private equity firm that focusses on high quality office, industrial and retail assets that have suffered from under-capitalized ownership.