Angelo Gordon & Co. receives financing for $160 million portfolio

NEW YORK – Angelo Gordon & Co. has received financing from Houston-based Holliday Fenoglio Fowler LP for the $160 million Octagon Portfolio. New York-based Angelo Gordon & Co. is a division of The Shidler Group, a Hawaii-based REIT. The three-year adjustable rate, interim bridge loan was provided through Deutsche Bank Alex Brown. The Octagon Portfolio consists of 1.8 million sq. ft. of office and hotel space that spans two states. Two properties are located in Pasadena, Calif., and three properties are located in Dallas, Houston and Plano, Texas. Current tenants include ExxonMobil, Chase Bank of Texas, Transamerica Occidental Life Insurance Co., Microsoft Inc. and Ward North America.