Holliday Fenoglio Fowler LP announced it has arranged the recapitalization of Greenbrook Executive Center, a 203,028-square-foot office building in

Greenbrook Executive Center, 100 Passaic Ave., Fairfield.

Fairfield.

HFF worked on behalf of the borrower, Accordia Realty Ventures to recapitalize the asset with a $22.425 million, 10-year securitized loan with Silverpeak Argentic, and a $4.575 million, 10-year mezzanine loan with Morrison Street Capital totaling $27 million in loan proceeds.

This provided Accordia with the flexibility to buy out their institutional equity partner, Guggenheim Real Estate, who they have owned the asset with since 2006.

Read More..https://njbiz.com/hff-arranges-recapitalization-greenbrook-executive-center/