Capmark Finance Inc. Originates $2.1 Million to Refinance Griffin Auto Park in Dallas CBD

Dallas, TX (Vocus) December 11, 2008

Capmark Finance, Inc. has originated a $ 2,100,000 loan to refinance Griffin Auto Park for a local ownership group. The six-story, 539-space parking garage is located in the southeast section of downtown Dallas known as the Government District. The loan has a 10-year term, 20-year amortization and a fixed interest rate below 7 percent.

One of only a few private parking garages in downtown Dallas, Griffin Auto Park has the added advantage of being located within walking distance of Dallas City Hall, the Dallas Convention Center, the Earle Cabell Federal Courthouse Building and a number of other downtown office buildings.

Vice President Ashley Harkness, a mortgage banker in Capmark’s Dallas office, originated the loan, which was funded by Aviva Investors North America. The borrower was Griffin Street Auto Park, Ltd.

“Capmark Finance helped the borrower refinance a maturing securitized loan by arranging the debt through one of our correspondent life insurance companies,” said Mr. Harkness. “It is noteworthy that we were able to secure financing with a favorable interest rate for a parking garage despite one of the most difficult credit environments in recent memory,” he continued.

Photo available upon request.

About Capmark

HARP 2. Refinance Software Finally Assists Severely Underwater Property owners

Las Vegas, Nevada (PRWEB) August 08, 2012

Countrywide HARP Home loan Loan company Network, HARP Approval (, responds to a modern report by the FHFA on an enhance in HARP refinance quantity.


The most current Federal Housing Finance Company (FHFA) regular monthly Refinance Report printed August 7, 2012, exhibits HARP refinances for Fannie Mae and Freddie Mac home loans with unfavorable equity greater than a hundred twenty five% mortgage-to-benefit elevated from 2,954 in Could to fifty three,758 in June.


According to the FHFA, The continued enhance in HARP quantity is attributed to file-low mortgage prices and plan enhancements declared final tumble which includes removal of the bank loan-to-price (LTV) ceiling for borrowers who refinance into set-rate&#13

loans and the elimination or lowering of fees for particular borrowers.


“The normal borrower who refinanced lowered their interest fee by about 1.5 proportion details. On a $ 200,000 mortgage, that translates into preserving about $ 2,900 in curiosity for the duration of the following twelve months, describes Frank Nothaft, Freddie Mac vice president and chief economist.


Click on Below to check out HARP Eligibility


Between other enhancements to the Property Affordable Refinance Program that went into effect, loan providers turned able to securitize HARP loans with LTV ratios greater than a hundred twenty five % beginning June 1, 2012.