Apartment Community
Gaithersburg, MD
Procured a floating rate, construction loan for this 204-unit, seven building, garden-style apartment community in Frederick, Maryland. A national bank provided the financing for this development.
Office Building
Arlington, VA
Procured a fixed-rate, permanent loan for this two-story, Class-A medical office building located in Lorton, Virginia. The property contains 20,947 rentable square feet and is 100% leased. A local bank provided the financing for this transaction.
The project, which spans two city blocks in Northwest Washington, DC, anchored by a Giant grocery, contains approximately one million square feet of mixed-use development including residential, retail and hotel uses. Financing was procured from a private investor.
Secured a fixed-rate, permanent loan to refinance this apartment building in Rockville, Maryland. A national bank provided the financing for this transaction.
Apartment Building
Rockville, MD
Flex/Industrial Warehouse
Elkridge, MD
Secured fixed-rate permanent financing to refinance a three-strory office building in Northern Virginia. Financing included structuring around high vacancy and near term rollover.
Office Building
Fairfax, VA
Two Flex Buildings
Sterling, VA
Secured a fixed-rate permanent loan to refinance this three-story office building in Sterling, Virginia. Financing was provided by a national life insurance company.
Office Building
Sterling, VA
Class A Office Portfolio
Chantilly, VA
Secured a fixed-rate, permanent loan to refinance this office portfolio of two buildings in Reston, Virginia. Financing was obtained from an international bank.
Fast Food Portfolio
DC, MD, VA
Procured a fixed-rate, 15-year loan to refinace this 136,762 square foot office building located in Bethesda, Maryland. This six-story building was constructed in 1981 and is equipped with three elevators.
Class A Office Building
Bethesda, MD
Long-Term Ground Lease
Bethesda, MD
Apartment Building
Washington, DC
Apartment Building
Washington, DC
Portfolio
Gainesville, VA
Secured a 10-year, fixed-rated loan in the amount of $20,000,000 to refinance this 143,500 square foot shopping center in Silver Spring, Maryland. Financing was provided by one of our correspondent lenders.
Shopping Center
Silver Spring, MD
Obtained a fixed-rate Fannie Mae loan for this established multi-family property. The apartment community is located in Santee, California, a San Diego suburb.
Apartment Community
Santee, CA
Financing was provided by one of our correspondence lenders for this medical office building in Silver Spring, MD.
Medical Office Building
Silver Spring, MD
Obtained a $17,040,000 aquisition loan to purchase this mixed-use/multi-family property in Annapolis, MD.
Mixed-Use/Multi-Family
Annapolis, MD
Retail Center
Gaithersburg, MD
Two Flex/Warehouse Buidlings
Rockville, MD
Medical Office Building
Lorton, VA
Friday, May 22, 2009
Contact: Joseph C. Tilley
Phone: 301-320-0430
jtilley@phillipsrc.com
Bethesda, Maryland, May 22, 2009...Phillips Realty Capital is pleased to announce the appointment of Richard Bopp and Fabrice Vasques to the positions of Managing Director. They will join the Phillips team and operate from the Bethesda, MD office.
Mr. Bopp has more than twenty years experience in commercial real estate finance. Prior to joining Phillips, he spent over fifteen years at Capmark, with the last nine years as the Senior Vice President and Branch Manager of their Tyson's Corner office. Mr. Vasques also has more than twenty years experience in commercial real estate finance, spending the preceding thirteen years with Capmark. He teamed with Mr. Bopp to annually originate over $1 billion in loan volume. Together, they also placed over $400 million of equity into commercial real estate projects throughout the Washington DC market.
"Fabrice and Richard have a proven track record of providing effective financial solutions to their commercial real estate clientele. We feel fortunate to have them join our team, and are confident that our operating and support platform will allow them to continue to successfully serve their client base." said C. Stephen Shaw, President and CEO of Phillips.
Mr. Vasques added, "Richard and I are excited to join Phillips after many years as a friendly competitor. Even in these challenging times, they are aggressively trying to grow their company and we look forward to being a part of that growth. We are confident that our clients will benefit from their superior service, established lender relationships, and veteran staff."
Founded in 1933, Phillips Realty Capital provides long- and short-term financing options including traditional, mezzanine, bridge, and structured loans and equity. The firm utilizes an extensive placement network of institutional investors and capital markets including life insurance companies, pension funds, commercial and international banks, and credit companies.
Phillips Realty Capital annually finances in excess of $1 billion in debt and equity and, on behalf of its correspondent lenders, now services a loan portfolio of nearly $1.6 billion. Phillips is also a founding member of Q10 Capital LLC, a national platform of independently owned mortgage banking firms that originates in excess of $3 billion annually and services a loan portfolio of approximately $20 billion. Headquartered in Bethesda, Maryland, Phillips also has offices in Richmond and Charlottesville, Virginia. For more information, see the company's Web site at www.phillipsrealtycapital.com.
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