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Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged a $100 million construction loan for the development of Star Metals Offices, a 14-story, approximately 267,237-square-foot creative.
Construction loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate. The rates on this type of loan are higher than rates on.
The fund marks the firm’s second fund, which is more than double the size of its first, which had a total market cap of $100 million. BridgeInvest provides ground-up construction loans and.