Holliday Fenoglio Fowler has secured $109 million in acquisition financing for Pontus Capital to purchase 61 triple net leased properties in the eastern U.S. and northern California. HFF sourced the funding, a floating-rate loan, through CCRE. The portfolio, which is 98 percent leased, consists of 19 national and regional credit tenants, including financial institutions BB&T, Regions Bank, SunTrust Bank, Wells Fargo Bank, Bank of America and Fifth Third Bank. Twenty-seven of the branches are located in Florida, with eight each in California and North Carolina, seven in Georgia, and others in South Carolina, Virginia, New Jersey and Arkansas. “This deal closed at a time when the secondary market for floating-rate loans became very illiquid,” Jordan Angel, director HFF said. “Pontus’s reputation as a top operator in the net lease space along with HFF’s capital relationships helped to get this deal financed.”
