HFF Secures Funding

HFF Inc. (HF - Snapshot Report) has secured $134.76 million in financing for a 13-property mixed-use portfolio spanning 2.8 million square feet throughout the United States.

The portfolio is 90.0% leased and includes industrial, office, multi-housing and retail properties located in eight states. The loan is collateralized by all 13 properties and is categorized into three, five-seven, and ten-year terms.

HFF has also obtained financing for a nine building class A office and retail complex named Cityview Plaza, spanning 602,972 square feet located in downtown San Jose, California. HFF is one of the successful commercial real estate capital intermediaries in the country with local real estate expertise to complete any real estate transaction.

In first quarter 2011, HFF reported a net income of 11 cents per share compared with a net loss of less than 1 cent per share. 

Based in Pittsburgh, Pennsylvania HFF provides commercial real estate and capital markets services to the commercial real estate industry in the United States. The company maintains capital markets relationships according to the specific needs of the clients in the highly complex and rapidly shifting capital markets environment.

HFF has executed debt and equity transactions for virtually every real estate-related asset including debt placements, equity investments, mergers of real estate companies, and partnership recapitalizations.

HFF currently retains a Zacks #1 Rank, which translates into a short-term Strong Buy rating. We are also maintaining our long-term Neutral recommendation on the stock. One of its competitors, CB Richard Ellis Group, Inc. (CBG - Analyst Report) currently retains a Zacks #3 Rank, which translates into a short-term Hold rating.

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