WASHINGTON, DC—Last week Fannie Mae announced the winning bidders for its third non-performing loan sale. Fortress (New Residential Investment Corp.) won the bids for the first and third pools and Goldman Sachs (MTGLQ Investors, L.P.) won the bid for the second pool.

The total portfolio consisted of 7,000 loans totaling $1.24 billion in unpaid principal balance.

Fannie Mae began marketing its first bulk-sale of non-performing loans in April. The winning bidders of that transaction were SW Sponsor LLC (a hedge fund, according to SEC filings) and a Neuberger Berman Fixed Income Funds affiliate. Lone Star was the winning bidder of the second NPL sale, which Fannie Mae launched in July of this year.

This third sale is expected to close December 17, 2015.

JLL Spells Out What a GSA Leasing Support Service Contract Means to It

WASHINGTON, DC—Last month the General Services Administration awarded nine GSA Leasing Support Services contracts across the country. In the Northern Service Area it selected JLL and CBRE. In the Southern Service Area it picked Savills Studley and Public Properties. For the Western Service Area Carpenter/Robbins Commercial Real Estate and DTZ were selected. For the National Capital Service Area, CBRE, JLL and Savills Studley were the winners.

JLL spelled out what this means for the broker. It will have the opportunity to compete for up to 162 lease assignments over the next five years in the National Capital Service Area. In the Northern Service Area it can compete for 524 lease assignments over the next five years.

Savills Studley Refis United Unions Building

WASHINGTON, DC—Savills Studley's Structured Finance Group secured a $34 million, fixed-rate, 15-year refi loan for the United Unions Building, a 192,000-square-foot office at 1750 New York Ave. NW. It worked on behalf of the borrower, a joint ownership between the International Association of Bridge and Structural Iron Workers of America, the International Association of Fire Fighters and the Sheet Metal Workers' International Association. The building is fully occupied by the owner and recently renovated with a new lobby.

Prudential Insurance Co. Refis Tower Cos' Millennium Building

WASHINGTON, DC—Prudential Insurance Co. provided financing for Tower Cos.' Millennium Building, at 1909 K St., NW. Cushman & Wakefield secured the loan for the 12-story, 240,428 square foot building.

Anchor Health Properties, Brinkman Management Merge

WILMINGTON, DE—Locally-based Anchor Health Properties is merging with Brinkman Management & Development, which is based in Charlottesville, VA. The merged company's hospital and outpatient facilities portfolio includes 600,000 square feet in healthcare development and 1.5 million square feet in managed properties. The merger will allow the company, which is called Anchor Health Properties, to expand into other parts of the country, according to Lou Sachs, president of Anchor Health Properties.

Instant Insights /

Fannie Mae's Latest NPL Winners | Guess How Many GSA Leases JLL Has A Shot At?

Related Stories

Recommended For You