HFF Secures $128M for Multi-Family Portfolio
June 13, 2011
The loan was procured for an eight-property, 2,407-unit group of assets located in the South and Southwest.
June 13, 2011
By Allison Landa, News Editor
Courtesy Flickr Creative Commons user AMagill
Holliday Fenoglio Fowler L.P. has nailed down $128 million in financing for an eight-property, 2,407-unit multi-housing portfolio. The properties are located in Atlanta, Dallas, Houston, and Raleigh, North Carolina.
Proceeds for the loan are slated for paying off an existing facility. HFF, which represented apartment real estate investment trust MAA, placed the 10-year, 5.1 percent fixed-rate loan with New York Life Insurance Co.
MAA currently owns or has ownership interest in 47,654 apartment units throughout the Sunbelt region of the U.S.
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