REBusinessOnline

HFF COMPLETES SALE OF $11.4 MILLION LOAN IN INDIANA

CHICAGO — Chicago-based Holliday Fenoglio Fowler (HFF) has completed the sale of an $11.4 million, first-mortgage loan secured by a 12-property, self-storage portfolio in Indiana. An affiliate of First City Commercial Corp. purchased the loan for an undisclosed price. The loan has a 6.36 percent coupon and 7-year remaining life. The self-storage collateral, which is located throughout central and southern Indiana, totals 3,320 storage units and is owned and operated affiliates of Storage Express. Bill Mitchell, Stuart Salins, Aaron Swerdlin and Doug McCarron of HFF represented the seller, a undisclosed major Midwest insurance company, in the transaction.

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