Younan Finance Group Continues Aggressive Acquisition and Expansion of Mortgage Debt

LOS ANGELES--(BUSINESS WIRE)--Younan Finance Group, an affiliate of Younan Properties, Inc., announced today that it is under contract to acquire a portfolio of five separate, performing mezzanine loans from Rubicon Capital America LLC. These loans are backed by 2.5 million square feet of stable Class A and B+ office assets in California, Texas, Florida, Connecticut, Missouri, Oklahoma, Alabama and Arkansas.

Commenting on this latest acquisition, Zaya S. Younan, Chairman and CEO said, “We are continuing our aggressive acquisition activities to add to our existing portfolio of securities. Once again, we will continue to purchase stabilized, performing notes that are backed by assets in key markets. Despite the substantive challenges in the credit markets, we continue to be presented with attractive investment opportunities. This is testimony to our financial strength, our performance and our ability to quickly and expertly analyze, underwrite and close transactions, attributes that are valued by the banks, lenders and other financial institutions that hold these notes.”

“Most of these assets operate at 100 percent occupancy with a stable tenant base that includes federal government agencies and Fortune 100 companies, which ensure immediate, positive cash flow,” Younan added.

In April of this year, Younan formed the Finance Group to acquire a broad range of debt and debt-related securities and instruments backed by Commercial Real Estate. The Group initially plans to invest up to $200 million in performing and underperforming office loans throughout the country in transactions ranging from $5 million to $100 million. To date, the group has purchased B-piece notes and mezzanine loans on properties in California and Texas.

Younan Finance Group is an affiliate of Younan Properties, Inc. Headquartered in Los Angeles, Younan Properties, specializes in acquiring Class A office properties in high-growth U.S. markets. Known for its detailed, hands-on approach to improving operational efficiencies while maintaining top building standards for tenants, Younan is recognized for turning around undervalued assets and maximizing the value of stabilized assets. Younan has accumulated nearly 15 million square feet of Class A office buildings valued at more than $2.0 billion in California, Texas, Illinois and Arizona. Contact Younan at www.younanproperties.com.