New Loan Program to Fund Secondary CBDs
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Hemmerdinger: “We are committed to finding key opportunities in the best of US secondary markets outside the gateway cities.”
NEW YORK CITY—ATCO Properties & Management has launched the ATCO City Center Real Estate Mezzanine Loan Program, an investment vehicle designed to provide financing to central business district commercial properties in select markets across the country.
The mezzanine loan platform will provide first mortgage loans and originate mezzanine debt and preferred equity for office and retail assets in growing markets throughout the United States. The program’s geographic scope spans the CBDs of the top Metropolitan Statistical Areas in the nation, including Austin, Nashville, Charlotte, Raleigh-Durham-Chapel Hill, Denver and Salt Lake City, in addition to assets adjacent to commuter-rail stations in the New York City region.
Damon Hemmerdinger, co-president of ATCO Property & Management, will oversee the program, along with SVP, finance and acquisitions Neil Adamson and associate Ryan Huber…
