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Tuesday, 23 July 2013

Broadacre Arranges $50Mln of Financing for N.H. Offices

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Broadacre Financial has arranged $50 million of financing from Wells Fargo Bank and People's United Bank against five office and office-flex buildings in Portsmouth, N.H.

Broadacre, a boutique advisory shop launched last year by veteran lender Christopher Haynes, arranged the financing, $28 million of which was provided by Wells Fargo and the remainder by People's.

Wells' loans were against two office buildings, One Harbour Place, with 68,597 square feet that's...

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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: New Hampshire
  • Sector: Office
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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Dan Moynihan

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