HFF Arranges Recapitalization of LA-Area CampusBy
Alhambra, Calif.—HFF announced it arranged the sale of and secured debt and equity placements to facilitate the recapitalization of The Alhambra, located at 1000 S. Fremont Ave. in Alhambra, Calif.
HFF worked on behalf of The Ratkovich Co. and their institutional capital partner to recapitalize the campus with new equity and debt providers. The company will maintain a stake in the property along with its new partners, ELITE International Investment Fund and Future Land Holdings. In addition, HFF also worked on behalf of the new ownership group to secure $119.5 million in financing from a national lender for the full payment of the existing CMBS loan…
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