Gladstone Hires Affiliate to Source Commercial Mortgages

By Brad Finkelstein

Published June 14, 2013, 11:31 a.m. EDT

1 Min Read

Gladstone Commercial Corp., McLean, Va., has hired Gladstone Securities LLC to be its non-exclusive agent to assist in arranging mortgage financing for its properties. The agreement was disclosed in an 8-k filing obtained via DisclosureNet.com.

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Gladstone Securities is affiliated with both Gladstone Commercial and its investment advisor Gladstone Management Corp. David Gladstone is the chairman and CEO of publicly traded Gladstone Commercial and the owner of the other two firms.

Gladstone Commercial will pay Securities a fee based on a percentage of the mortgage financing obtained ranging from 50 to 100 basis points. Any fee paid to Securities is separate from the fees it pays to the investment advisor. The fee can be reduced or waived based on factors such as the involvement of third-party brokers and market conditions.

Brad Finkelstein

Originations Editor

Brad Finkelstein is the originations editor of National Mortgage News. While he covers the entire process, Brad's specialty is loan production and... Read full bio

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