
June 09, 2016 -
Front Section
New York, NY Holliday Fenoglio Fowler, L.P. (HFF) has been retained by Redwood Trust, Inc. to market and sell a $241.3 million commercial loan portfolio consisting primarily of commercial mezzanine loans associated with 73 properties located in 26 states. The portfolio has a weighted average coupon of 9.7 percent and a weighted average remaining term of 5.1 years.
The associated properties consist of a diverse range of assets across the U.S., including office (35.6 percent Unpaid Principal Balance [UPB]), multi-housing (30.2 percent UPB), hospitality (15.4 percent UPB), retail (10.3 percent UPB), self storage (4.1 percent UPB), industrial (2.5 percent UPB) and manufactured housing (1.8 percent UPB).
Geographically, the properties are spread throughout the U.S. with 16 assets in the southeast, nine in the northeast, 12 in the midwest, six in the west, four in the mid-Atlantic, six in the southwest and one asset with associated properties in various states.
The HFF loan sales team representing Redwood Trust, Inc. is led by managing directors Brock Cannon and Daniel O’Donnell and associate director Sean Ryan.