HFF Secures $100 Million Credit Facility for McMorgan & Co

HFF HF announced today that it has secured a $100 million credit facility for McMorgan & Co. HFF represented the client in arranging the four-year, floating-rate facility with PNC Bank. Loan proceeds are being used to replace an existing unsecured facility for McMorgan's Institutional Real Estate Fund, which will provide flexibility to the fund's operations and be used for future acquisitions. The HFF team representing McMorgan & Company included executive managing director John Pelusi, senior managing directors Trey Morsbach and Mike Tepedino and real estate analyst Todd Newman. McMorgan & Company, LLC is a real estate investment adviser and a wholly owned subsidiary of New York Life Investment Management Holdings.