Vylla Title Closes $389.8 Million Refinancing for its Student Housing Portfolio | News
ALISO VIEJO, Calif.–(BUSINESS WIRE)–February 15, 2022–
Title Vylla, one of the nation’s leading full-service securities and settlement providers, worked with CBRE, the global leader in commercial real estate services and investments, to complete a $389.8 million portfolio refinancing. The portfolio consists of three mixed-use student housing projects located in Arizona, Nevada and Texas.
“This agreement represents Vylla Title’s expanded capabilities, highlighting our unique blend of advanced technology, best-in-class customer service and decades of industry experience,” said Tom Huddleston, Executive Vice President and responsible for Vylla Title. “Our centralized operations team closes an average of 8,000 residential and commercial transactions nationwide per month. Using this experience, we continue to set a new standard for simplifying even the most complex business transactions. Vylla Title is changing the paradigm for business closings, and our work with CBRE is just the latest example of our ability to make title and settlement truly simple.
Vylla Title’s advanced technologies, such as robotic process automation and machine learning, have reduced turnaround times and increased data accuracy. The team’s centralized operations allow customers to receive exceptional and personalized service, regardless of what state they are in or what state their transaction ends in. Plus, Vylla Title’s agile team has decades of experience, making it easy to analyze complex title issues quickly. and resolved effectively. The combination of technology, service and experience provides an unparalleled closing process.
Vylla Title, led by James DiGregory, Vice President of Commercial Title, and in coordination with David Meese of CBRE’s Debt and Structured Finance team, seamlessly managed the transaction involving several disparate parties working across the country.
“The collaboration builds on our successful work over the past few years with Vylla Title to secure large and complicated commercial loans, as well as loans in our low balance loans division; and we’re all seeing the benefits of Vylla’s streamlined closing process,” Meese said.
For more information on Vylla Title’s products and services, please visit VyllaTitle.comor call 888-375-1517 for residential services or 844-848-9618 for business services.
The Carrington Companies
Carrington is a holding company whose primary asset management business includes single family mortgages and real estate transactions. Collectively, the companies are vertically and horizontally integrated and provide a wide range of real estate services encompassing nearly every aspect of single-family residential real estate transactions in the United States. To find out more visit: www.carringtonhc.com.
Through its associate collective of Carrington executives and employees, the company’s nonprofit, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about the Carrington Charitable Foundation and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.
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KEYWORD: UNITED STATES NORTH AMERICA NEVADA CALIFORNIA ARIZONA TEXAS
SECTOR KEYWORD: FINANCE PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE
SOURCE: title by Vylla
Copyright BusinessWire 2022.
PUBLISHED: 02/15/2022 06:00 AM/DISC: 02/15/2022 06:02 AM
Copyright BusinessWire 2022.