Vylla Title Closes $389.8MM Refinance for Student Housing Portfolio
Vylla Title’s unique nationwide services and centralized operations enabled a simultaneous, single-close on a multi-state, multi-property transaction.
ALISO VIEJO, Calif. (Feb. 15, 2022) — Vylla Title, one of the nation’s leading full-service title and settlement providers, worked with CBRE, the global leader in commercial real estate services and investments, to complete a $389.8MM portfolio refinance. The portfolio consists of three mixed-use student housing developments located across Arizona, Nevada and Texas.
“This deal represents the extensive capabilities of Vylla Title, highlighting our unique blend of advanced technology, best-in-class client service and decades of industry experience,” said Tom Huddleston, EVP and Head of Vylla Title. “Our centralized operations team closes an average of 8,000 residential and commercial transactions nationwide per month. With this experience, we continue to set a new standard for simplifying even the most complex commercial transactions. Vylla Title is shifting the paradigm for commercial 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 decreased turn-times and increased data accuracy. The team’s centralized operations allow clients to benefit from exceptional, personalized service no matter what state they are in, or what state their transaction closes in. In addition, Vylla Title’s nimble team has decades of experience, which allows complex title issues to be analyzed quickly and resolved efficiently. The combination of technology, service and experience provide 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 & Structured Finance team, seamlessly handled the transaction involving multiple disparate parties working across the country.
“The collaboration expands on our successful work during the past few years with Vylla Title to close large and complicated commercial loans, as well as loans across our small-balance loan division; and we’re seeing all the benefits of Vylla’s streamlined closing process,” said Meese.
For more information on Vylla Title products and services, please visit VyllaTitle.com, or call 888-375-1517 for residential services or 844-848-9618 for commercial services.
The Carrington Companies
Carrington is a holding company whose primary business of asset management includes single-family mortgages and real estate transactions. Collectively, the businesses are vertically and horizontally integrated, and provide a broad range of real estate services encompassing nearly all aspects of single family residential real estate transactions in the United States. To read more visit: www.carringtonhc.com.
Through its collective associates made up of Carrington leaders and employees, the company’s nonprofit organization, Carrington Charitable Foundation, contributes to the community through causes that reflect the interests of Carrington Associates. For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org.