{"id":1004210769,"date":"2018-03-21T01:53:22","date_gmt":"2018-03-21T09:53:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210769"},"modified":"2022-12-08T11:41:43","modified_gmt":"2022-12-08T19:41:43","slug":"hff-closes-28m-loan-for-phoenix-apartments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/","title":{"rendered":"HFF Closes $28M Loan for Phoenix Apartments"},"content":{"rendered":"<p style=\"text-align: justify;background: white;margin: 0in 0in 10.5pt 0in\"><span style=\"color: #333333\">By Alex Ciorogar<\/span><\/p>\n<div id=\"attachment_1004186204\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004186204\" class=\"wp-image-1004186204 size-medium\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg\" alt=\"San Palmas at Mission Park\" width=\"300\" height=\"240\" \/><\/a><p id=\"caption-attachment-1004186204\" class=\"wp-caption-text\">San Palmas at Mission Park<\/p><\/div>\n<p>HFF has secured a $27.5 million acquisition loan for San Palmas at Mission Park, a 240-unit, garden-style\u00a0community in the <a href=\"https:\/\/www.commercialsearch.com\/news\/vantrust-breaks-ground-on-chandler-office-asset\/\">Phoenix\u00a0suburb of Chandler, Ariz<\/a>. The firm worked on behalf of Continental Realty Advisors, which bought the property for $43 million, according to Yardi Matrix. HFF arranged a seven-year, 3.9 percent, interest-only, fixed-rate loan through Freddie Mac\u2019s CME program.<\/p>\n<p>Spread across 14 acres, San Palmas at Mission Park comprises 30 two-story buildings with a mix of one-, two- and three-bedroom units. Located at 1111 N. Mission Park Blvd., the property was built in 1998 and encompasses a total of 234,168 rentable square feet.<\/p>\n<p>Interior amenities include fully equipped kitchens, walk-in closets, washers, dryers and private patios or balconies. Community amenities include:<\/p>\n<ul>\n<li>a resort-style pool<\/li>\n<li>controlled access<\/li>\n<li>510 fully covered parking spaces<\/li>\n<li>spa<\/li>\n<li>grilling areas<\/li>\n<li>sand volleyball court<\/li>\n<li>fitness center<\/li>\n<li>clubhouse<\/li>\n<li>Wi-Fi<\/li>\n<\/ul>\n<p>San Palmas at Mission Park was 93 percent leased at the time of negotiations. Ray Road and Arizona Loop 101 are both easily accessible from the property.<\/p>\n<p>The HFF team representing Continental Realty Advisors included Senior Director Brad Miner, Managing Director Josh Simon and Senior Managing Director Brian Carlton.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Built in 1998, San Palmas at Mission Park features more than 200,000 rentable square feet. Continental Realty Advisors bought the property for $43 million. <\/p>\n","protected":false},"author":928,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,21742,1601,15],"tags":[39346,32938,32792,39347],"class_list":["post-1004210769","post","type-post","status-publish","format-standard","hentry","category-finance","category-investment","category-latest","category-phoenix","category-west","tag-continental-realty-advisors-ltd","tag-freddie-mac","tag-hff","tag-josh-simon"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Closes $28M Loan for Phoenix Apartments - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Closes $28M Loan for Phoenix Apartments\" \/>\n<meta property=\"og:description\" content=\"Built in 1998, San Palmas at Mission Park features more than 200,000 rentable square feet. Continental Realty Advisors bought the property for $43 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-21T09:53:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:41:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/\"},\"author\":{\"name\":\"Alex Ciorogar\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"headline\":\"HFF Closes $28M Loan for Phoenix Apartments\",\"datePublished\":\"2018-03-21T09:53:22+00:00\",\"dateModified\":\"2022-12-08T19:41:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/\"},\"wordCount\":207,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/San-Palmas-at-Mission-Park.jpg\",\"keywords\":[\"Continental Realty Advisors Ltd\",\"Freddie Mac\",\"HFF\",\"Josh Simon\"],\"articleSection\":[\"Finance\",\"Investment\",\"News\",\"Phoenix\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/\",\"name\":\"HFF Closes $28M Loan for Phoenix Apartments - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/San-Palmas-at-Mission-Park.jpg\",\"datePublished\":\"2018-03-21T09:53:22+00:00\",\"dateModified\":\"2022-12-08T19:41:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#primaryimage\",\"url\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/San-Palmas-at-Mission-Park.jpg\",\"contentUrl\":\"https:\\\/\\\/internal.multihousingnews.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/San-Palmas-at-Mission-Park.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-28m-loan-for-phoenix-apartments\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HFF Closes $28M Loan for Phoenix Apartments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\",\"name\":\"Alex Ciorogar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"caption\":\"Alex Ciorogar\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alexciorogar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HFF Closes $28M Loan for Phoenix Apartments - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/","og_locale":"en_US","og_type":"article","og_title":"HFF Closes $28M Loan for Phoenix Apartments","og_description":"Built in 1998, San Palmas at Mission Park features more than 200,000 rentable square feet. Continental Realty Advisors bought the property for $43 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-03-21T09:53:22+00:00","article_modified_time":"2022-12-08T19:41:43+00:00","og_image":[{"url":"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg","type":"","width":"","height":""}],"author":"Alex Ciorogar","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/"},"author":{"name":"Alex Ciorogar","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad"},"headline":"HFF Closes $28M Loan for Phoenix Apartments","datePublished":"2018-03-21T09:53:22+00:00","dateModified":"2022-12-08T19:41:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/"},"wordCount":207,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#primaryimage"},"thumbnailUrl":"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg","keywords":["Continental Realty Advisors Ltd","Freddie Mac","HFF","Josh Simon"],"articleSection":["Finance","Investment","News","Phoenix","West"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/","url":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/","name":"HFF Closes $28M Loan for Phoenix Apartments - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#primaryimage"},"thumbnailUrl":"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg","datePublished":"2018-03-21T09:53:22+00:00","dateModified":"2022-12-08T19:41:43+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#primaryimage","url":"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg","contentUrl":"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2018\/03\/San-Palmas-at-Mission-Park.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hff-closes-28m-loan-for-phoenix-apartments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"HFF Closes $28M Loan for Phoenix Apartments"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad","name":"Alex Ciorogar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","caption":"Alex Ciorogar"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/alexciorogar\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004210769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004210769"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004210769\/revisions"}],"predecessor-version":[{"id":1004622960,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004210769\/revisions\/1004622960"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004210769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004210769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004210769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}