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SMALL BUSINESS
$100 Million Financing Arranged by HFF for Four-Property Multi-Housing Portfolio
The Chicago and Boston offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have secured $100 million in financing for a four-property multi-housing portfolio in Massachusetts, Minnesota and Missouri.
Working exclusively on behalf of RREEF, HFF senior managing directors Mike Kavanau and Fred Wittmann placed the four loans with Freddie Mac (Federal Home Loan Mortgage Corporation). Three of the loans are part of the Freddie Mac CME program and one is part of the Freddie Mac Capped ARM program.
The portfolio totals 1,617 units and has an average occupancy of 95%. Individual property details and loan amounts are listed below:
|
Property |
# of Units |
% Leased |
Loan Amount |
Loan Type |
Term |
|||||||||||||||
| Jefferson at Dedham Station | 300 Units | 95% | $31.05 Million | Fixed-rate | 10 Years | |||||||||||||||
| 1000 Presidents Way | ||||||||||||||||||||
| Dedham, MA | ||||||||||||||||||||
| The Gates of Carlson Center | 435 Units | 92% | $23.7 Million | Fixed-rate | 10 Years | |||||||||||||||
| 300 Carlson Parkway | ||||||||||||||||||||
| Minnetonka, MN | ||||||||||||||||||||
| Fountain View on the Plaza | 396 Units | 96% | $27.48 Million | Fixed-rate | 7 Years | |||||||||||||||
| 4800 Oak Street | ||||||||||||||||||||
| Kansas City, MO | ||||||||||||||||||||
| Villages of Bogey Hills | 486 Units | 95% | $17.7 Million | Floating-rate | 7 Years | |||||||||||||||
| 2200 Lake Court | ||||||||||||||||||||
| Saint Charles, MO |
HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.