The largest of the transactions was a $13.3 million mortgage loan for Stirling Twelve United Plaza LLC. The seven-year loan is secured by United Plaza XII, an office complex in Baton Rouge, LA. Hibernia Mortgage Capital arranged the loan, which was originated by PMC's Juli Achee.
Also, PMC's Douglas Dear originated a $2.96 million acquisition loan for Braeswood Atrium Inc. The 10-year loan, which is secured by the Braeswood Atrium Apartments in Houston, TX, was arranged by Nancy Belin of the Grandstone Corp., based in Houston.
Finally, $1.72 million in acquisition financing for Michigan Island Properties LLC is secured by the Michigan and "V" buildings in Seattle, WA. The properties include a mix of office, industrial and retail uses. The loan was arranged by PruExpress broker Doug Thatcher of Seattle, and originated by PMC's Michael Jameson.
At the end of the first quarter of this year, PMC had a total of $34.2 billion of assets under management and administration.
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