January 6, 2020 Comments Off on Macquarie Trades $150M Loan Portfolio Views: 1521 National News, New York, Northeast

Macquarie Trades $150M Loan Portfolio

Order Reprints...

JLL Capital Markets sold a performing loan portfolio for Macquarie Private Debt, a division of Macquarie Asset Management. The undisclosed buyer paid approximately $150 million for the portfolio.

The portfolio includes 11 floating-rate, first mortgage loans with a weighted-average spread of 3.83% over 30-day LIBOR. The loans are collateralized by several preferred property types that include multifamily, self-storage and office, and are located across the United States.

New York-based Stephen Van Leer and Sean Ryan of JLL handled the sale for Macquarie. “The portfolio provided the unique opportunity for the buyer to acquire a set of performing, light-transitional loans associated with strong sponsorship and high-quality real estate,” said Van Leer.

“We view this sale as a great example of how some bridge lenders have opted to do a loan sale rather than a CLO execution,” Ryan added. “The entire process totaled 10 weeks and yielded the seller premium-to-par pricing.”

Pictured: Macquarie offices at 125 W. 55th St. in Midtown Manhattan.

Connect With JLL’s Van Leer

Connect With JLL’s Ryan

Connect With Macquarie


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.

Send this to a friend