The Real Deal Miami

Holliday Fenoglio Fowler arranges financing for 368,000 square feet at Doral Center

June 15, 2010 11:15AM

The firm arranged a five year loan for the four properties

The Miami office of mortgage banking firm Holliday Fenoglio Fowler has
announced the arrangement of $30 million in financing for a
four-property office portfolio at what used to be known as Doral
Center. The borrower is a joint venture, comprised of Codina Partners
and Institutional Investors, advised by J.P. Morgan Asset Management.
According to HFF, which worked on behalf of the borrower to arrange the
five-year loan, J.P. Morgan Investment Management was the exsiting
owner. The properties, which were renovated in 2005 and 2006, are 95
percent leased. [SFBJ]