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Michael Prakken, Senior Vice President

Michael Prakken

Senior Vice President

Michael Prakken

Senior Vice President
Meet the Team
+1 617 488 7217
+1 617 912 7001
Affiliate Logo - Boston

Boston

33 Arch Street
28th Floor
Boston, MA 02110
+1 617 912 7000
+1 617 912 7001

Professional Experience

Mr. Prakken is a Senior Vice President with the CBRE/New England Debt & Structured Finance team in Boston. During his 30-plus-year commercial real estate career, Mr. Prakken has completed more than $25.0 billion in financings and capital market transactions for various types of real estate projects.

Mr. Prakken joined CBRE/NE in 1994. Currently, he is responsible for production in the New England market. In this capacity, Mr. Prakken services clients by sourcing debt/equity to capitalize individual or portfolio transactions and by providing advisory services during the documentation process as well as post-closing. Mr. Prakken is an active member of the Debt & Structured Finance team specializing in combined debt and equity placements. Since joining CBRE/NE, Mr. Prakken has originated over $15.0 billion in new mortgage debt including development loans, mezzanine loans, participating debt as well as conventional fixed-rate loans. Prior to joining CBRE/NE, Mr. Prakken was a Senior Vice President at Fleet Bank within its commercial real estate division.

Professional Affiliations / Accreditations

  • Member NAIOP, Real Estate Finance Association



Education


  • Colgate University, Bachelor of Arts
  • Whittemore School of Business Administration, MBA, University of New Hampshire

Significant Transactions

PROPERTY SIZE
TYPE
VALUE
Office/R&D      
180 Hartwell Road 400,000 SF Acquisition - Renovation $33,800,000
Providence, RI 210,000 SF Acquisition - Renovation $19,150,000
Worcester Business Center 295,000 SF Acquisition - Renovation $16,950,000
Apartments      
The Serenity 195 Units Construction $84,316,000
Neponset Landing 280 Units Construction $74,600,000
The Copley Group 697 Units Permanent $57,000,000
Royal Mills Apartments 274 Units Construction $48,816,000
Mill 240 219 Units Construction | Permanent $34,900,000
Wellington Parkside 190 Units Construction | Permanent $28,000,000
Industrial      
Industrial Portfolio 405,000 SF Acquisition $12,180,000
Industrial Campus 216,000 SF Acquisition $11,800,000
Specialized      
Foxboro State Hospital Mixed-Use Acquisition - Renovation $31,000,000
903 Residences (Fractured Condo) 231 Units Permanent $20,000,000
Winthrop Manor (Senior Housing) 90 Units Acquisition - Renovation $15,300,000

Michael Prakken

Senior Vice President
Meet the Team
+1 617 488 7217
+1 617 912 7001
Affiliate Logo - Boston

Boston

33 Arch Street
28th Floor
Boston, MA 02110
+1 617 912 7000
+1 617 912 7001