$65 Million Financing Sought on U.S Iconic Trophy Office Asset Note Acquisition
August 11, 2010
We are seeking a lender to provide approximately $65 million in financing to be secured by a heavily cash flowing first mortgage loan traunche that a large U.S. investor is acquiring. The advance rate on this note acquisition is about 60% with an overall last dollar LTV of approximately 65%. The investor that will be acquiring this note is very substantial and will be investing almost as much cash as the note financing.
This is a Triple A asset in the United States and the property enjoys a diverse, multi tenant credit rent roll.
Please contact the undersigned for a confidential discussion regarding the foregoing.
| Howard L. Michaels | Michael J. Campbell |
| Chairman | Partner |
| 212-716-5607 | 212-716-5611 |
| hlm@carltongroup.local | mjc@carltongroup.local |
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