NY Life Closes $81M of Financings

New York Life Investment Management LLC has announced the financing of two mortgage loans and a mezzanine loan totaling $81.1 million in connection with office buildings in Dallas and industrial properties in Dallas and metropolitan Cincinnati.The financing for the office properties totaled $40.6 million and involved a mortgage loan secured by two office buildings and a mezzanine loan secured by a pledge of ownership interests in a third, the company reported. The borrower was Transwestern Investment Co., Chicago, through its Asian Realty Partners II fund. The other financing totaled $40.5 million and involved a mortgage loan on six industrial properties, three in Dallas and three in Hebron, Ky., outside Cincinnati. The borrowers are DCT Park West LLC, DCT Pinnacle LP, and DCT DFW LP. In both financings, New York Life Investment acted as investment manager for New York Life Insurance Co. The companies can be found on the Web at http://www.nylim.com and http://www.newyorklife.com.