In this week's issue:
We give you new property finance deals and a valuable leads list of office building lenders on recent acquisitions, and loans maturing in the next 12 months in: Arizona, California, Illinois, Missouri, New York, Oklahoma and Washington.

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Property Finance Deals

DuPont Fabros Technology Inc. closed on a $100 million secured loan with a syndicate of lenders led by KeyBank. The loan has a three-year term with a one-year extension at a floating rate of LIBOR plus 3.5% (4% in the extension period) and includes quarterly principal payments of $500,000. The company's newly constructed data center in Ashburn, VA, which is currently 87.5% leased secures the loan. The loan includes an accordion feature that allows new lenders to join the existing bank syndicate to increase the amount of the loan up to $250 million in the next 18 months. Proceeds from the new loan will be used to fund the projects under development. The company has no debt maturities due until December 2010 assuming it is able to exercise one-year extension options.

Capmark Finance Inc. originated $19.5 million in fixed-rate debt for the acquisition of Stonecrest Apartments, a multifamily property in Birmingham, AL, through its Fannie Mae DUS program. The fixed-rate loan features a seven-year term with a 30-year amortization. Located on 26.5 acres at One Stonecrest Drive, Stonecrest Apartments consists of 315 one-, two- and three-bedroom units. On-site amenities include a clubhouse, pool, tennis court, volleyball court and basketball court. The property is 92% occupied. Senior vice president Warren Higgins of Capmark’s Horsham, PA, office originated the transaction for borrower Rodman Properties. The loan closed in just 30 days from application.

Alliant Capital closed an $8.19 million loan for the refinance of the Reflections at Valley Ranch Apartments. The 212 unit garden-style apartment community in Irving, TX, was built in 1986 is comprised of 13, two-story residential buildings. Alliant’s loan has a 10-year term with a 30-year amortization. Alliant’s Tucson, Arizona office handled this transaction.

Thomas D. Wood and Co. secured $5.8 million in financing for Handy Storage and Discount Mini-Storage. Both properties were financed through StanCorp Mortgage Investors. Brad Cox, vice president, secured financing for Handy Storage of $3 million at a rate of 6.375%. The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 36%. The 90,886 square-foot self-storage facility was built in 1996 and is located at 350 S. University Drive, Pembroke Pines, FL. Cox also arranged $2.8 million in financing for Discount Mini-Storage at a rate of 6.7%. The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 70%. The 55,782 square-foot self-storage facility was built in 1986 and 1999, and is at 5002 S. Manhattan Ave. in Tampa.

Alliant Capital LLC funded three multifamily properties for one borrower, Chelan Apartments (Tualatin, OR), Evergreen Estates (Woodburn, OR), and Willamette View (Salem, OR) totaling $9.82 million. Chelan Apartments is a 120-unit apartment community built in 1977. Evergreen Estates has 65 units and was built in 1973. Willamette View has 100 units and was built in 1972. All three deals have 11-year terms with first five years being interest only.

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Lenders Funding Office Purchases in the Last Few Weeks

Property Size (SF) Sale Price Lender First Deed Loan Amount LTV Buyer 1325 S. 4700 West, Salt Lake City, UT 51,728 $10,625,000 American United Life Insurance $8,500,000 80% 5200 S. 154th St., Tukwila, WA 33,300 $5,650,000 Bank of America $3,620,000 64% Nexxpost 200 State St., Boston, MA 296,000 $167,000,000 Bayerische Landesbank $90,400,000 54% GLL Real Estate Partners GmbH 2067 W. Vista Way, Vista, CA 45,717 $16,600,000 Capmark Financial $6,300,000 38% 1630 N. Edison St., Stockton, CA 24,957 $5,054,000 Contemporary Healthcare Find II $4,500,000 89% 1750 5th Ave., San Diego, CA 31,066 $7,225,000 Cornerstone Bank $5,900,000 82% 444 S. Flower St., Los Angeles, CA 891,056 $275,000,000 Dekabank Deutsche Girozentrale $175,000,000 64% Hines 302 E. Carson Ave., Las Vegas, NV 129,000 $21,500,000 Fifth Third Bank $24,250,000 113% 5975 Greenwood Plaza Blvd., Greenwood Village, CO 39,428 $5,900,000 Firstbank Colorado $6,100,000 103% Land Title Exchange Corporation 1551 Juliette Drive, Stone Mountain, GA 120,500 $13,000,000 GE Commercial Finance Business Property Corp $8,737,500 67% West Side Management Group, LLC 126 E. 56th St., New York, NY 171,571 $158,000,000 German American Capital Corp $102,700,000 65% Transwestern Investment Company 4930 Campbell Blvd., White Marsh, MD 50,000 $5,860,000 ING Life Insurance & Annuity $4,500,000 77% 550 N. Reo St., Tampa, FL 76,397 $9,300,000 Jackson National Life Insurance Co. $6,200,000 67% Arthur Hill & Company LLC 12700 Whitewater Drive, Hopkins, MN 148,220 $30,850,000 James Campbell Company LLC $15,814,420 51% James Campbell Company LLC 2200 E. Grand Ave., El Segundo, CA 30,810 $7,050,000 Orange County Business Bank $6,500,000 92% 4100 S. Stream Blvd, Charlotte, NC 125,265 $19,368,000 Parkway Bank & Trust $10,652,400 55% Inland Real Estate Exchange Corporation 9838 Old Placerville Road, Sacramento, CA 139,500 $27,000,000 Rabobank $20,000,000 74% Goldenberg & Associates 600 Technology Center Drive, Stoughton, MA 55,397 $8,850,000 Unum Life Insurance Co. of America $5,850,000 66% H.N. Gorin, Inc. 1632 116th Ave. NE, Bellevue, WA 18,145 $6,300,000 Washington Mutual Bank $3,780,000 60% C. David Taylor 2150 N. 107th St., Seattle, WA 81,924 $19,590,000 Washington Mutual Bank $9,650,000 49% Uchimura Family Partnership, Ltd. 2606 116th Ave. NE, Bellevue, WA 33,195 $13,500,000 Washington Mutual Bank $7,870,000 58% Allison Keeler 28892 Marguerite Pkwy, Mission Viejo, CA 28,000 $6,000,000 Washington Mutual Bank $2,800,000 47% Terence O'Shea Attorney 15501-15551 Red Hill Ave., Tustin, CA 44,123 $12,900,000 Wells Fargo Bank $8,568,170 66% Redhill Avenue Llc 1315 W. Century Drive, Louisville, CO 106,877 $16,800,000 Wells Fargo Bank $7,545,624 45% Lexington Realty Trust 6036 N. 19th Ave., Phoenix, AZ 80,254 $16,000,000 Woodmen of the World Life Insurance $8,589,411 54% Grubb & Ellis Realty Investors, LLC

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Read Property Finance First

Receive notice when a new Loan Maturity Leads are published by receiving The Watch List newsletter. The Watch List is a powerful one-two-combination of both top-down macro analysis and bottom up micro real estate news, as well as valuable leads about companies expanding and contracting and property and loan investment opportunities. It is available for free by e-mail, which is the quickest way to review all of the news in the column as soon as it is published and link directly to the news and features you want. Just e-mail me your name, title, company, company business, city, state, and e-mail address. You can reach me by clicking on the byline above or e-mailing me at Mark Heschmeyer

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Loan Maturity Leads

Property Property Type Current Ending Scheduled Balance Maturity Date Note Rate CMBS Metro Business Center, 10801 North 24th Avenue, Phoenix, AZ Industrial $2,969,806 12/1/2008 6.56% Bear Stearns 1999-2 Hannum Industrial Park, 5750 5760 5770 Hannum Avenue, Culver City, CA Industrial $2,516,570 12/1/2008 6.40% Bear Stearns 1999-2 Luke Avenue Business Park, 5214 West Luke Avenue 5205-5237 West Montebello Ave. 5622 North 52nd Ave., Glendale, AZ Industrial $2,108,307 12/1/2008 6.53% Bear Stearns 1999-2 La Cienega/Jefferson Industrial Park, 3341-3363 S. La Cienega Place and 5801-05 West Jef, Los Angeles, CA Industrial $1,282,819 12/1/2008 6.38% Bear Stearns 1999-2 3301 & 3333 Sunrise Blvd., 3301 & 3333 Sunrise Blvd., Rancho Cordova, CA Industrial $987,452 12/1/2008 7.06% Bear Stearns 1999-2 Universal Reprographics, 16781 Milliken Avenue, Irvine, CA Industrial $754,944 12/1/2008 7.58% Bear Stearns 1999-2 East Hill Apartments, 1710 Harrison Avenue SE, Port Orchard, WA Multifamily $870,835 12/1/2008 6.48% Bear Stearns 1999-2 Meadowbrook Mobile Home Community, 1220 Bennett Way, Templeton, CA Mobile Home $1,787,178 12/1/2008 7.84% Bear Stearns 1999-2 The 400 Center, 400 Lake Cook Road, Deerfield, IL Office $1,578,791 12/1/2008 6.39% Bear Stearns 1999-2 10 South Knoll & 36 Tiburon, 10 South Knoll Lane & 36 Tiburon Blvd., Mill Valley, CA Office $1,212,270 12/1/2008 6.60% Bear Stearns 1999-2 Waverly Elementary School , 1150 East New York Ave., Brooklyn, NY Other $1,784,714 12/1/2008 8.06% Bear Stearns 1999-2 Santa Clara Self Storage, 1700 De la Cruz, Santa Clara, CA Self Storage $2,158,287 12/1/2008 6.49% Bear Stearns 1999-2 900 & 916 Western Avenue, 900 & 916 Western Avenue, Glendale, CA Industrial $2,008,779 1/1/2009 6.87% Bear Stearns 1999-2 Dolphin & Crane Buildings, 2929-2935 East Apache, Tulsa, OK Industrial $866,482 1/1/2009 6.72% Bear Stearns 1999-2 Lockridge Street Industrial, 3959 & 3979 Lockridge Street, San Diego, CA Industrial $1,299,515 1/1/2009 6.23% Bear Stearns 1999-2 1600 Dell Avenue, 1600 Dell Avenue, Campbell, CA Industrial $66,819 1/1/2009 6.57% Bear Stearns 1999-2 710 Sansome Street, 710 Sansome Street, San Francisco, CA Office $4,170,601 1/1/2009 6.67% Bear Stearns 1999-2 Halls Ferry 14 Cine, 2845 Target Drive, St. Louis, MO Retail $105,535 1/1/2009 7.74% Bear Stearns 1999-2