Wednesday, February 24, 2010
Mike Wood of our Seattle office was featured in this article from Dupre + Scott Apartment Advisors, a company that provides research and information about the Puget Sound-area rental and investment markets. The article gives experts' opinions on an apartment investor's question about whether their lender will have a problem with the fact that their property's DSCRs and LTVs are no longer what they were when they took out the loans pre-recession. In order to access the full article, you have to sign up for a free account.
Wednesday, February 17, 2010
NBS Financial's Blake Hering, Jr. recently arranged $14 million for the CH2M Hill Center, a 221,037 sf office building in downtown Portland.CH2M Hill Center's main tenant is CH2M Hill, an environmental and engineering consulting services company, which occupies more than 60 percent of the building. While it can be challenging to gain financing for a largely single-tenant building, the strength of the tenant and the building's occupancy were compelling. Other tenants include Stewart Title, Lifewise Healthplan of Oregon, and Ucentris.
Wednesday, February 3, 2010
2009 marks the tenth year Ken Griggs has been named Finance Officer of the Year, the top producer for NBS Financial. Griggs, a partner in the company, participated in 14 loans totaling $60 million in 2009; the projects spanned five states. His largest transaction was securing $15.1 million in refinancing for Portland’s Wieden+Kennedy Building. He is active in a number of industry groups, including the State Farm and Woodmen of the World Advisory Councils, and received the 2009 Oregon Mortgage Lenders Association Distinguished Service Award.