$88.85 MILLION IN FINANCING PROVIDED FOR FOUR SOUTHEAST PROPERTIES

MEMPHIS, TENN. — Memphis-based Financial Federal Savings Bank has provided $88.85 million in non-recourse permanent financing for four properties located throughout the Southeast. The four loans are cross-collaterized and carry a fixed-interest rate of 4.43 percent for 10 years with a 30-year amortization schedule. The loan package was underwritten to a 75 percent loan-to-value. Jon Van Hoozer and Steve Curnutte of Financial Federal procured the financing through the company's Freddie Mac platform.