Matthews™ Capital Markets Corey Russell Closes Nine Transactions in Q2

Corey Russell Q2 Closings

 

DALLAS — Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™, secured financing for nine properties in Q2 2024. All loan transactions were handled by Matthews™ Associate Vice President Corey Russell.

 

Russell completed seven acquisition loans and two refinances. The acquisition loans were placed for the following properties: MAACO in St. Louis, MO; Advent Health in Maitland, FL; Family Dollar in Spartanburg, SC; a GSA (General Services Administration) office in Upper Marlboro, MD; a retail strip center in Oak Ridge, TN, and a vacant industrial property in Dallas, TX. The refinance loans were completed for a Social Security office in Watertown, NY, and a Burger King in Wood River, IL.

 

Notably, the Oak Ridge loan was secured below market terms with a 75% loan-to-value (LTV) ratio, a 5-year fixed rate of 6.50%, 30-year amortization, and no prepay. The Wood River loan featured a 6.50%, 5-year fixed rate, 25-year amortization, no prepay, and no origination. Lastly, the Upper Marlboro deal featured a lender rate lock for 75 days and allowed the SNDA/Estoppel to be post-close.

 

For additional details on all transactions, please contact Corey Russell directly.

 

MCM is actively recruiting capital markets specialists throughout the United States. For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

ABOUT MATTHEWS™ CAPITAL MARKETS

The Matthews™ Capital Markets Division (MCM) is a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™. Matthews™ Capital Markets provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.