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Financing arranged for $26 million CBD office portfolio by Pinnacle Financial Group, Inc.

November 21st, 2013

Pinnacle Financial Group, Inc. recently arranged financing for a $26 million CBD office portfolio owned and managed by the E.V. Bishoff Company.

Cleveland, OH – Pinnacle Financial Group, Inc. (“Pinnacle”) is pleased to announce it recently arranged financing for a $26 million, four-property historic office portfolio totaling 382,814 square feet in downtown Pittsburgh, PA and Cleveland, OH. The Park Building, Diamond Building, Investment Building and the Superior Building were all included in the financing.

Pinnacle worked exclusively on behalf of E.V. Bishoff Company to secure the 15-year, fixed rate, non-recourse loan through a life insurance company lender.

“I presented Pinnacle with a unique and challenging loan request that included the refinancing of several turn-of-the-century high rise office buildings located in two separate Midwestern cities. Not only were they successful in finding us the right Lender for our transaction, but they showed a wonderful level of detail orientation, understanding of real estate and problem solving throughout the underwriting process that proved to be invaluable to us,” Mr. David Bishoff, President of E.V. Bishoff Company stated.

Founded in 1966, the E.V. Bishoff Company is a commercial real estate management and advisory firm headquartered in Columbus, Ohio. E.V. Bishoff Company is an owner-operator of historic office buildings in central business districts, specifically Cleveland, Columbus and Pittsburgh.

Pinnacle was formed in 1990 and is currently one of the largest independently owned mortgage banking companies in the Midwest. Pinnacle is a leading member of Strategic Alliance Mortgage (SAM), an organization of 23 mortgage banking companies with 51 offices throughout the United States. SAM ensures local expertise within a powerful national platform. Pinnacle consistently delivers their clients the best possible capital available in the market. For more information about Pinnacle, its partners and services can be found on their website at www.pinnaclefinancialgroup.com.

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