PRC’s Mark Remington Share Insights on Hotel Financing
Bethesda, MD, November 7, 2019 – PRC’s Mark Remington was part of a panel discussion on “The Anatomy of the Capital Stack & Creative Financing” at Bisnow’s Hotel Leadership, Investment & Management Summit. …The pullback on LTV creates more opportunities for gap financing … Another source that can fill the gap is EB-5 financing, said […]
PRC Structures $28.8M Acquisition Loan for Purchase of Class A Office in New Jersey
Bethesda, MD, October 30, 2019 – Phillips Realty Capital announced that a $28,795,000 transaction on behalf of Legacy Investing, LLC, a repeat client, has closed and funded. Bridge Investment Group provided non-recourse financing for Legacy to acquire a 205,000 square foot Class-A office building located at 77 Corporate Drive in Bridgewater, NJ. Phillips Realty Capital’s […]
PRC Works with Madison Marquette on the Recapitalization of One Light Street
Bethesda, MD, October 28, 2019 – Phillips Realty Capital’s Mark Remington is proud to have worked with Madison Marquette and Bridge Investment Group on the $185 million recapitalization of One Light Street. Located in the heart of downtown Baltimore, One Light Street is a new trophy mixed-use high rise featuring luxury residential apartments, Class A […]
PRC Structures $67 Million Data Center Value-Add Capital for Element Critical
Bethesda, MD, August 26, 2019 – Phillips Realty Capital announced that a $67,000,000 transaction on behalf of Element Critical and its sponsors, Safanad and Industry Capital, has closed and funded. A team led by Bryan Leigh at EagleBank provided the funds to refinance and improve the 199,097 SF Tier III data center and office building […]
Phillips Realty Capital Welcomes Malcolm Shaw
Bethesda, MD, July 2, 2019 – Phillips Realty Capital announced that it has hired Malcolm Shaw as a managing director in its Bethesda, Maryland headquarters. He will be part of the production team, structuring debt and equity financing for the privately-owned mortgage banking firm’s commercial real estate clients. Prior to joining PRC, Shaw served as a […]
PRC Structured in Excess of $700M in Q12019, Firm’s Best Quarter Ever
Bethesda, MD, May 8, 2019 – Phillips Realty Capital announced that 1Q2019 was the best quarter in the mortgage banking firm’s 85-year history. Backed by best-in-class underwriting professionals, the production team structured more than $700 million of capital across property types and markets. The firm secured financing for retail, multifamily, office, cold storage industrial, hotel, […]
PRC Works with Brennan Investment Group on Development of Headquarters and Cold Storage Distribution Facility
Bethesda, MD, March 8, 2019 – Phillips Realty Capital is proud to have worked with Brennan Investment Group to secure development financing for a new headquarters and cold storage distribution facility for Poultry Products Northeast in Londonderry, New Hampshire. Financing was arranged by John Sieber and William Lawson and provided by Camden National Bank, a […]
PRC Structures $63 Million for Ohana Waikiki Malia Hotel in Honolulu
Bethesda, MD, February 6, 2019 – Phillips Realty Capital announced that a $63,000,000 transaction on behalf of Lucky Hotels USA has closed and funded. Benefit Street Partners provided fixed-rate permanent financing secured by the 327-room OHANA Waikiki Malia Hotel located in Honolulu, Hawaii. The financing was structured by John R. Sieber, Jr., CMB, a Principal […]
PRC Participates in Salvation Army’s Angel Tree Program
Bethesda, MD, December 6, 2018 – As the end of 2018 approaches, Phillips Realty Capital is delighted and humbled by the opportunity to give back to the Washington, DC community our firm has called home for more than 85 years. This holiday season, PRC employees embraced the holiday spirit by sponsoring needy families in partnership […]
PRC Structures $10.75 Million for Retail Center in Suburban Cleveland
Bethesda, MD, October 22, 2018 – Phillips Realty Capital announced that a $10,750,000 transaction on behalf of Madison Marquette has closed and funded. Bridge Investment Group provided financing for Beachcliff Market Square, a 97,160 square-foot open-air mixed-use community center just outside Cleveland, Ohio. Mark Remington, Principal at Phillips Realty Capital, arranged the financing. Madison Marquette […]
