Ross Halloran in BWE's Cleveland office recently structured a $32 million refinance for a three-building, 422,000 sq. ft. multi-tenant office property located in Independence, OH for CG Real Estate Capital, LLC – marking a significant win in today’s exceptionally challenging office financing environment. The 10-year CMBS loan was executed one year ahead of the existing loan’s maturity, a strategic move that positions the borrower ahead of the large wave of office maturities expected in 2026 and provides long-term stability amid ongoing market distress. Congratulations to Ross, Will Gorman, and Donna Vanio of BWE, as well as Bradley Coven, SIOR, CCIM and Joseph Greenberg of CG Real Estate, and everyone involved in making this transaction a success.
BWE
Real Estate
Cleveland, Ohio 15,587 followers
Putting clients first. Trusted to be part of their future.
About us
BWE stands as a national, full-service commercial and multifamily mortgage banking company committed to elevating real estate financing. Putting clients’ goals first, our experienced and trusted advisors offer comprehensive capital solutions by combining enduring debt and equity relationships with unparalleled local market insights across our 40+ offices and national servicing platform.
- Website
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http://www.BWE.com
External link for BWE
- Industry
- Real Estate
- Company size
- 201-500 employees
- Headquarters
- Cleveland, Ohio
- Type
- Privately Held
- Founded
- 2008
- Specialties
- Commercial Properties, Multifamily Properties, Hospitality Finance, Streamlined Underwriting, Loan Servicing, Financing & Debt Products, Affordable Housing, Seniors Housing, Manufactured Housing, and Commercial Real Estate
Locations
Employees at BWE
Updates
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BWE reposted this
Brad Mascho, Chief Digital Officer at BWE, Amy Hall, co-founder of Momentum Recovery and Headspace Real Estate, Martin R., partner at the Townsend Group, and FSB junior Finance major Michael Leccese discussed how artificial intelligence is impacting the commercial real estate industry now and what they see on the horizon. Read more from this month's FSB Real Estate forum here: https://lnkd.in/d3yCFT6W #MyFSB #BeyondReady #MiamiOH
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The government reopening hasn't done much yet to subdue the market’s uncertainty surrounding Fed policy. All eyes are now on upcoming data for clues about the Fed’s next move. Read the full digest → https://lnkd.in/gv6W-J8a #BWE #capitalmarkets
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BWE reposted this
Last week I was able to see first-hand the extraordinary progress made at Mosaic Quarter, the premier sport and entertainment-focused lifestyle center in Tucson. I also had the opportunity to have lunch with the approximately two hundred men and women who are doing the heavy lifting, to deliver MQ on time. Frank, congratulations to you and your team. I am looking forward to seeing your continued progress and success! #MosaicQuarter #BWE #CommercialRealEstate
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Mike Guterman in BWE’s Los Angeles office arranged the financing and equity of a $54,000,000 loan for Dornin Investment Group (DIG) to acquire a non-performing loan portfolio secured by 20 properties across the U.S. “This transaction marks our second successful closing with this seller, and the process was smooth and efficient thanks to Mike Guterman and the BWE team,” said Chris Dornin, Founder & CEO of Dornin Investment Group. The portfolio includes four office properties in Texas totaling approximately 870,000 square feet and 16 single-tenant NNN retail assets across the Southeast and Midwest. DIG plans to secure additional note-on-note financing to enhance leverage and continue its focus on distressed debt opportunities backed by quality assets. #BWE #DorninInvestmentGroup
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Last week, members of our BWE team volunteered at St. Mary's Food Bank in Phoenix, AZ! We’re proud to support organizations that fight hunger and strengthen communities. A big thank you goes out to St. Mary’s for the incredible work you do every day, and thank you to our amazing volunteers for giving their time and energy to make a difference! 💙
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Mixed labor data and cautious Fed messaging highlight the growing challenge of balancing inflation risks with a softening job market. Rate cut odds that once seemed almost certain just weeks ago have now fallen to nearly a coin-flip. Read the full digest → https://lnkd.in/gAVxtU5b #BWE #capitalmarkets
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BWE secured a $37,750,000 five-year loan from a life company to finance the acquisition of Graces Reserve Apartments in Kannapolis, NC, part of the thriving Charlotte metro. The loan was originated by Maxx Carney, Daniel Rosenberg, Logan Petersmeyer, and James Rogers on behalf of Guardian Capital (Ian Rosa, Eric Beaulieu, CFA) and their partner, New York Life Real Estate Investors. “When our friends at Guardian approached us to secure acquisition financing for Graces Reserve, we ultimately determined that a life company could provide the creative structuring that we needed and close it quickly," said Maxx. Guardian plans to implement a value-add strategy to enhance performance and elevate the resident experience at this 240-unit garden-style community. Read the full article: https://lnkd.in/gVfbQ4yt
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Strong results start with a strong team – one that learns together, challenges each other, and keeps raising the bar to deliver the best outcome for our clients. Mitch Ross, Vice President, Capital Markets Trader, highlights how our capital markets team works together to drive great executions.