HSBC arranges $93m multi-family financing.

HSBC Bank USA, N.A. recently provided $93 million of floating and fixed-rate Freddie Mac supplemental loans to AEW Capital Management (AEW). AEW obtained the financing on behalf of one of its institutional clients.

The financing was related to the purchase of a 15-property 3,959-unit multifamily portfolio, which HSBC had originated for the seller in 2004. The properties are located in Phoenix, Tucson, Albuquerque and Las Vegas. HSBC will continue as the servicer on the portfolio.

In addition to the financing provided by HSBC, AEW assumed existing debt totaling $227 million.

Currently AEW and its affiliates manage over $41 billion of gross real estate assets and securities on behalf of many of the world's leading institutional and private investors. Headquartered in Boston, AEW also has offices in Los Angeles, London and Singapore.

"HSBC's execution of this complex transaction, under an aggressive time frame, was critical in facilitating the sale of the portfolio between two high-quality institutional clients," said Kevin Stotts, a Principal at AEW.

"HSBC's established expertise in commercial real estate, blended with the success of the Freddie Mac and Fannie Mae programs, helps ensure top customer service and one-stop-shopping for our growing client base," said Gavin Wellington, HSBC's senior vice pesident and head of Secondary Marketing.