GREAT FALLS, VA - Capital Realty Services, Inc., a commercial mortgage banking firm specializing in the placement of debt and equity on a national basis, announced today that it has arranged and closed a $72.8 million loan for one of its major correspondent lenders. The property securing the loan is the Class A, State Farm Operation Center building located in Austin, Texas.
The 448,000 square foot facility has served as State Farm's Operation Center since 1994 and is located on 83.5 acres in AmberOaks Corporate Center, a 263 acre master-planned corporate park situated ten miles northwest of the CBD in Austin.
Commenting on the sale/leaseback transaction, Capital Realty Services' President, Terry Graves, said, "We are very excited about this transaction since it was the largest loan to date from our most active lender and it was completed in record time. We couldn't be more pleased with the excellent service that our lender provided to our largest client."
Capital Realty Services, Inc. of Washington, DC, founded in 1985 by Terry Graves, is a family owned and operated mortgage banking firm specializing in the placement of debt and equity for owners, investors, and developers in the Mid-Atlantic area as well as on a national basis. Throughout its 28 year history, Capital Realty Services has arranged construction and permanent loans of all sizes on a wide variety of property types. Today, it services a portfolio of several hundred million dollars in loans throughout the Country, on behalf of its national lenders. For more information about Capital Realty and its loan programs, please call Terry Graves, Steve Graves or Michelle G. Brydges at 703-759-4900, or visit the website: www.caprealtyservices.com.