Summer Street Advisors, LLC Closes Out 2016 with Over $300 Million CRE Investment Engagements
Commercial real estate advisory firm fulfills strategic financial assessment role
Westport, CT (January 23, 2017) – Summer Street Advisors, LLC (“SSA”) announced their advisory role in the completion of several commercial real estate investment engagements in the second half of 2016. The firm provided services including, but not limited to: Underwriting and Analysis, Equity Validation, Credit Review, Market Validation of Property Values, Execution Risk Evaluation, and Due Diligence and Document Review.
SSA’s senior executive team advised on a $100 million loan portfolio acquisition incorporating 10 performing loans in 8 states for secondary and tertiary markets. In a separate engagement, SSA lent its specialized expertise on an $8 million property valuation and loan acquisition deal for a 100sf unanchored suburban retail center. Other deals included a $65 million acquisition/renovation financing for the redevelopment of existing buildings for office and retail space, a $70 million property acquisition for a 50-tenant retail/office/movie theater complex, a $15 million acquisition/hotel upgrade financing, and a $75 million loan portfolio acquisition on performing and non-performing loans in 15 states.
“Summer Street Advisors was selected for our ability to quickly assess value and related risks to deliver solid recommendations,” stated Jack Mullen, Founder and Managing Director. “In each of the deals, SSA’s precise analyses and knowledge of current market conditions assisted our clients in making informed decisions,” continued Mullen.
For more information about Summer Street Advisors, LLC, please contact Jack Mullen, Founder and Managing Director, at 203-293-4844.
About Summer Street Advisors, LLC
Summer Street Advisors, LLC (SSA) is a commercial real estate advisory services firm founded by Risk Management alumni of GE Capital Real Estate. SSA offers a rigorous Risk Management philosophy and approach in providing strategic advisory services to loan sellers, B piece buyers, distressed mortgage investors, servicers and banks across all commercial real estate assets. The SSA team has over 100 years combined CRE experience and possesses diverse institutional and entrepreneurial backgrounds, including valuation, underwriting and credit analysis, mergers and acquisitions, risk management, distressed debt advisory due diligence, asset management, and management consulting. For additional information about the company, contact Jack Mullen at 203-293-4844 or visit summerstreetre.com.