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July 14, 2017  

Acore Lends on US-Leased Portfolio

Acore Capital originated a $160 million floating-rate loan last month on 14 office properties leased largely to government agencies.The debt package, divided into senior and mezzanine components, has a five-year term, including extension options.The borrower, a partnership led by HPI Capital of Charlotte, was advised by Palladian Capital of Palo Alto, Calif. HPI, which is headed by Michael Verruto and David Givner, invests in government-leased...

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