Chicago, IL (May 4, 2010) --- Transwestern Realty Finance Partners, L.L.C. today announced the closing on a $4,400,000 B-Note loan that it purchased from Natixis Real Estate Capital.  The loan is collateralized by 4 New York Plaza, a Class B office building comprising 1,052,025 rentable square feet, located in Manhattan's Financial District, at the northeast corner of Water Street and Broad Street.  This debt investment was made on behalf of Transwestern Mezzanine Realty Partners III, L.L.C. (“Mezz Fund III”), a fully-discretionary investment fund with over $400 million in capital. 

Michael Girimonti, Senior Vice President of Transwestern Realty Finance Partner’s New York office, who arranged the transaction, stated, “The strength and credit of the major tenant, JPMorgan which occupies 75% of the property on a long-term lease, provides durable in-place cash flow, which, along with the potential upside of additional leasing, make this an attractive risk adjusted investment.”  Transwestern Realty Finance Partner’s Managing Principal Thomas McCahill added, “This subordinate loan has an attractive basis, substantial debt service coverage and a significant equity investment by the sponsor, all characteristics that we look to provide in the investments of this fund.

Transwestern Realty Finance Partners, L.L.C., a subsidiary of Transwestern Investment Company, L.L.C., was established to manage the firm’s high yield real estate and mortgage related investment activities, including Mezz Fund III, an institutional real estate fund established by Transwestern in 2007 to make mezzanine loans for office, multifamily, retail, industrial, hotel and mixed-use properties in the United States.  Transwestern Realty Finance Partners is now expanding its investment products to capitalize upon the team’s broader capabilities in a variety of real estate disciplines and mortgage related products.

Founded in 1996, Chicago-based Transwestern Investment Company is a principal investment firm specializing in commercial real estate.  The firm has invested in over 455 properties totaling nearly $11 billion throughout the United States through its sponsored investment fund vehicles.  The current equity portfolio includes 44 office and 9 retail properties totaling 15.8 million square feet, as well as 10 multifamily assets with 3,100 units.  Additionally, in the mezzanine investment area, Transwestern has made 90 loans totaling over $1.2 billion in investments with 72 realizations to date.

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