Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $5.6 million in financing for Baldwin III, a 44,478-square-foot, Class A office property in the master planned community of Baldwin Park in Orlando, Florida.
Working on behalf of the borrower, Owens Realty Capital, HFF placed the 15-year fixed-rate loan with A10 Capital. Loan proceeds were used to acquire the property.
Completed in 2008, Baldwin III is the newest of four office buildings located within the Village Center of Baldwin Park, one of Orlando’s master planned communities spanning 1,100 acres and more than 500,000 square feet of office and retail space. The 91-percent-leased property features high-end finishes such as marble floors, wood paneling and granite countertops.
The HFF debt placement team representing the borrower was led by managing director Michael Weinberg.
About Owens Realty Capital
Owens Reality Capital is a boutique investment management firm based in Orlando, Florida that owns, develops and operates commercial properties in Orlando and Tampa alongside its operating partner, Owens Realty Services. Owens Realty Services provides commercial real estate services for more than 40 million square feet of commercial real estate with a value of more than $8 billion in real estate net worth. Services include investment property management, public sector facility management, facility maintenance, commercial sales and leasing brokerage, arena maintenance management as well as janitorial maintenance services. The company employs more than 1,000 real estate industry professionals throughout the United States.
About A10 Capital
Both commercial property and single-family rental home investors rely on A10 Capital as their one-stop balance sheet lender for middle-market commercial mortgages. With loans ranging from $1 million to $20 million per commercial property and $500,000 to $20 million for single-family rental portfolios, its broad menu of bridge and permanent loans cover the entire life cycle of properties across the United States. Its full service platform incorporates focused origination, speedy underwriting, in-house legal and servicing for the life of the loan. An innovator in the industry with a scalable funding model, A10 is backed by four significant institutions: $5.1 trillion asset management firm BlackRock, $131 billion global investment firm KKR, the $20 billion global private equity firm H.I.G. Capital, and THL Credit, the credit affiliate of Thomas H. Lee Partners. The company is based in Boise and Dallas and has regional offices in key markets nationwide. For more information, please visit www.a10capital.com.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
