Investcorp Real Estate Credit Fund (IRECF) sold a $100mn first mortgage loan backed by the building that has been the longstanding Washington DC headquarters of the US Coast Guard, taking advantage of the renewed demand for commercial real estate exposure amongst investors. IRECF sold the mortgage, which is due in 2014, to the Talos Capital Limited for an undisclosed price. The transaction comes just 15 months after Investcorp acquired the mortgage at a steep discount to its par value.
0 minute readInvestcorp sells $100m mortgage for Coast Guard headquarters
June 30, 2010, 12:57pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
