Monday, July 20, 2015

Rabban Joins NBS Financial as VP with New Phoenix Office

Ted Rabban, Vice President 
Ted Rabban has joined Norris, Beggs & Simpson Financial Services as their newest Vice President. His appointment is concurrent with the expansion of NBS Financial in the Phoenix market.

As a Phoenix native, Ted has more than 30 years’ experience in the commercial real estate industry. At NBS Financial, Ted works closely with our highly qualified loan origination staff in attaining the borrowing and investment needs of our clients, which include major life companies, banks, conduits, REITs and pension funds.

Ted’s industry expertise is owed to extensive experience with project financial analysis, acquisitions, dispositions, asset management, leasing and operations of various real property types. He has also been responsible for land planning and entitlement for various institutional clients and individual investors. His career highlights include the initial development of the 175-acre Fountainhead Corporate Park, a one million square foot mixed-use campus. Fountainhead Corporate Park offers Class A office, a resort hotel, 300 apartment units and serves as the Tempe operations center for State Farm Insurance.

In business since 1932 and headquartered in Portland, Oregon, NBS Financial is a division of Norris, Beggs & Simpson Companies. NBS Financial provides commercial real estate capital to borrowers and investors seeking financing for property acquisitions, refinancing, equity, mezzanine or bridge capital, as well as joint venture opportunities.

Tuesday, July 14, 2015

Henderson of NBS Financial Closes on Three Deals Totaling $40.2M

NBS Financial Services’ Associate Vice President Jeff Henderson has arranged a combined total of $40,226,000 in a recent string of significant transactions.

In a deal representing both the bank and borrower, NBS Financial secured $21.937 million in permanent financing for the 149,798 sf Point Plaza East Office Campus in Southeast Tumwater, Washington. The borrower requested maximum leverage to take advantage of favorable interest rates, yet a vacant unit temporarily detracted from the asset’s true value. NBS Financial overcame this obstacle by providing the lender credible support lease-up will happen in the near term, and structured additional proceeds in the event it does.

In a deal representing Fannie Mae, NBS Financial provided $16.139 million in permanent financing to Terrace Heights Apartments, a 160-unit residential community in Mountlake Terrace, Washington. The borrower was able to lock a low interest non-recourse loan months before closing and before rates spiked.

NBS Financial closed on $2.15 million in 15 year fixed rate financing from a life insurance company for the Northlake Building, a 6,798 sf mixed-use property on Lake Union in Seattle. Despite the challenge of a high loan per square foot and a marina component, NBS Financial was able to match a lender familiar and comfortable with the property’s irreplaceable location. 

From left to right: Point Plaza East Office Campus, Terrace Heights Apartments, Northlake Building

Thursday, July 9, 2015

Jurczak Joins NBS Financial in Portland

Joe Jurczak
Joe Jurczak, Financial Analyst
Joe Jurczak joined the NBS Financial Services Team in 2015. He works closely with other members of the loan origination team to secure capital to satisfy our clients’ needs through our exclusive relationships with life companies, conduits, REITs and pension funds.

With over 8 years’ experience in commercial real estate finance, Joe most recently worked for Walker & Dunlop in Walnut Creek, CA as an underwriting analyst and specialized in structuring Fannie Mae, Freddie Mac, and FHA/HUD loans for profit and nonprofit borrowers. He has special interest in the long-term care industry and its financing needs.