84 percent occupancy rate.
95 percent occupied. The buyer used a $31.8 million Freddie Mac loan to fund its purchase. The mortgage, which was originated by a venture of Walker & Dunlop and Apartment Realty Advisors, is expected to be securitized.
87 percent leased. The company assumed a $54 million loan against the property that was securitized through CD, 2006-CD2, has a 5.23 percent coupon and matures in January 2016. The mortgage required only interest payments through January 2011.
Hudson Pacific is assuming a $42.3 million mortgage, securitized through Banc of America Commercial Mortgage Trust, 2005-2. The loan has a coupon of 5.578 percent and matures in 2015.
94 percent leased.
MHI will buy the property through a venture it recently formed with Carlyle Group investment fund. It will keep a 25 percent equity stake in the property.
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