Las Vegas, NV, February 27, 2011 --(PR.com
)-- BNP Overseas Investment Company, (BNP-OIC) has been engaged to syndicate a loan to refinance three Class 'A' Office Buildings and one Hotel for $220,500,000. The properties are located in the Central Administrative District in the city of Moscow, Russia. The syndication has a blended interest rate of 6.25% based upon a 590 basis point spread over the 30 day LIBOR for a term not to exceed five years, locked for 24 months, with no prepayment penalties thereafter. The occupancy for the office buildings are 78%, 93% and 100%, respectively, with long-term leases.
About BNP Overseas Investment Company, (BNP-OIC) is among the leading international Commercial Real Estate investment firms, and a respected Financial Advisory firm. Our businesses include commercial real estate financing, private equity, rescue financing, financial advisory and restructuring, and alternative financing. BNP-OIC Advisory Services includes restructuring and reorganization of Debtor In Possession or troubled companies, restructuring of real estate debt, corporate acquisitions, joint ventures, major project consulting services. We represent a substantial pool of capital for investment in a wide spectrum of projects and seek to position ourselves, globally, for both the benefit of our clients and investors. BNP-OIC real estate business has offices and affiliates in New York, California, Nevada, Florida, Mexico, Guatemala, Nicaragua, Panama, Brazil, United Kingdom, Turkey, Australia, and South Korea.