Comprehensive capital provider Red Capital Group has announced on Wednesday that it has just secured a $136 million refinancing contract, through its mortgage banking affiliate, Red Mortgage Capital LLC, for the bulk acquisition of eleven properties spread over a total of ten states nationwide.

The capital providing company said that the 11 loans were separately underwritten on a non-crossed basis, with the financing wholly attached to the purchase of a 12-property portfolio utilizing funds being managed by Eaton Vance Management, which is a subsidiary of Eaton Vance Corp.

Red Capital Group added that the loans were underwritten and delivered by Red Mortgage Capital with close coordination to the Fannie Mae DUS program.

Red Mortgage Capital senior managing director John Powell said that as required by the parties involved during the transaction, he opted for an accelerated timetable in order to wrap the deal at the soonest possible time, without, of course, sacrificing the welfare of all the contracting entities.

Acting also as the deal’s lead banker, Powell stressed that in forging the contact without any undue delays, Red Mortgage Capital has showcased its “high level of knowledge, service and expertise as well as Fannie Mae’s ability to deliver.”

Obviously pleased with the way business has been conducted by both Fannie Mae and Red Capital Group, Eaton Vance’s Real Estate Investment Group director of finance Andrew Frenette said that “this was a very important transaction for our fund and we are very pleased with the service and execution we received from Red and from Fannie Mae.”

Eaton Vance Corp maintains a 100 percent stakes on Eaton Vance Management, and is considered as one of the pioneering investment management firms in the United States, tracing its establishment to as far back as 1924.

As of the end of July this year, Eaton Vance and all its affiliates have already handled and managed a total of $173.3 billion in assets while the company continues to offer its comprehensive range of investment strategies and wealth management solutions to individual and corporate clients.