MBA Commercial NewsLink Wednesday, November 28, 2007

Dealmaker of the Day

 

MBA (11/28/2007 ) Murray, Michael
Bulls Capital Partners LLC, Vienna, Va., arranged a $5.75 million refinance of Carnaby Village Apartments, a 154-unit apartment property in Columbus, Ohio.
 
The funding, through Fannie Mae Delegated Underwriting & Servicing (DUS), was directly originated by Mark Van Kirk, CFO and COO of Bulls Capital Partners on behalf of The Barrington Group Inc.
The townhouse-style property consists of 20 buildings with two bedrooms, one-and-a-half bathrooms and a full basement in each unit. Property amenities include a pool, exercise room and a banquet room.
 
Herman Bulls, president and CEO of Bulls Capital Partners, said the project expands its Midwest portfolio with competitive terms from Fannie Mae "during this stressful time in the capital markets."
 
The transaction took 30 days from start to closing "in a difficult commercial real estate capital markets and credit environment," said Scott Bradley, CFO at the Barrington Group.