WASHINGTON, DC-Walter Coker and Brian Crivella have joined Holliday Fenoglio Fowler’s Washington, DC office. The two producers, previously co-heads in Cushman & Wakefield Sonnenblick Goldman’s Washington, DC office, will be part of HFF’s debt and equity platform here, in the company’s debt placement group.
Coker and Crivella are working on several transactions at the moment, they tell GlobeSt.com. These include bridge financing for a value-add office building for JBG Cos., and ground up multifamily financing for Shooshan Cos. “The response has been exceptional for both deals,” Coker tells GlobeSt.com. In general placing debt and equity for DC-area deals is relatively easy, given the strong demand for these credits, they say. All told, the duo hopes to have closed $700 million to $800 million in transactions by the end of the year.
That is not to say that underwriting has gotten lax, Coker adds, objecting to the description that some have placed on underwriting lately. “I would say that the box that they use to fit these deals into is getting larger,” he says. “Groups are becoming more intelligent with loans and more willing to structure around hairier deals,” Crivella elaborates. At Cushman & Wakefield Sonnenblick Goldman, Coker and Crivella arranged more than $6.5 billion of debt and equity transactions in their combined tenures.
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