HFF Arranges $72M in Financing

HFF Arranges $72M in Financing BOSTON, MA - The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $72 million in financing on behalf of TJAC International for two multifamily properties in London, England. Working on behalf of the borrower, HFF director Anthony Cutone placed the loan through CTL Capital, LLC. Proceeds are being used to acquire and renovate the properties for residential use. Andrew Mann, a managing partner at The Triad Group, represented the buyer, TJAC International, in the sale.

The two properties are located in the Bloomsbury area of central London close to two London Underground stations and numerous hospitals and academic institutions. Byron Court, located at 24-36 Mecklenburgh Square, is a five-story 53-unit building and 74-76 Guilford Street will have 19 residential flats post renovation.

The Triad Group, who exclusively represented TJAC International, was initially started by the late Richard Sternberg in 1985 and grew into one of the nation's most respected retail real estate firms. Now in 2009 under the leadership of Michael Sternberg and Andy Mann, The Triad Group has re-emerged and is poised to take its place among industry leaders; now with a global reach. A full-service real estate firm with experience worldwide, The Triad Group offers clients a complete scope of services from landlord and tenant representation to construction and the long-term management of assets. Recent transactions range from Boston-based retail and office leases to international buyer representation with projects throughout Europe, the United Kingdom and Australia. The Triad Group differentiates itself from competition by offering a truly one stop shop for all real estate needs.

TJAC International is an international real estate development company focused on residential and retail properties. TJAC has successfully completed more than one billion dollars worth of projects to date.

HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing.
Source: Holliday Fenoglio Fowler, L.P.

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