ANCHORAGE, ALASKA — Capmark Finance Inc. has originated a total of $9.97 million in fixed-rate financing for the acquisition of two single-tenant General Services Administration (GSA) office properties in Anchorage. The properties are 100 percent occupied by the Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA). Each property is a two-story, Class A, built-to-suit GSA facility, with the first story being utilized as covered parking and the second story as office space. The 75,000-square-foot FBI property was constructed in 1994 and the 30,000-square-foot DEA facility was built in 2001. Marvin Hill and Greg Ciambruschini of Capmark’s Washington D.C. office secured a $6.95 million loan for the FBI building and an approximately $3 million loan for the DEA facility. Dexia Real Estate Capital Markets funded the loans, which have 10-year terms and 30-year amortizations. Together the loans covered 73 percent of the acquisition costs of the two properties.
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