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Article: Green Park helps finance property purchase.(Green Park Financial, Westdale Asset Management)(Brief Article)(Statistical Data Included)
- Article from:
- Origination News
- Article date:
- April 1, 2001
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Green Park Financial has originated $212 million of loans to help finance the purchase of 19 properties by Westdale Asset Management, a Dallas-based real estate management company, Green Park has reported.
The properties purchased from Glenborough real estate investment trust are located in Texas, Georgia, and Arizona.
The financing, arranged through Green Park correspondent Stuart Wernick of Quantum First Capital, Dallas, will be packaged as Fannie Mae-backed MBS.
Herman Bulls, executive vice president and chief operating officer of Green Park Financial, said, "This transaction and last year's $650 ...