$100 Million Financing Arranged by HFF for Four-Property Multi-Housing Portfolio
|
|
|
| Posted
:
Wed, 04 Nov 2009 23:01:23 GMT |
| Author
:
HFF
|
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
| Press Release
News |
Home
|
|
|
|
CHICAGO - (Business Wire) 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. HFF Senior Managing Director MICHAEL A. KAVANAU, 312-528-3650 mkavanau@hfflp.com or HFF Senior Managing Director FREDERIC E. WITTMANN, 617-338-0990 fwittmann@hfflp.com or HFF Associate Director, Marketing KRISTEN M. MURPHY, 713-852-3500 krmurphy@hfflp.com
|

Copyright © 2008
Business Wire. All rights reserved.
|
|
|
|
|
Related
News
Flycell Quarterly Financial Growth Continues with Most Successful Quarter in Company History NEW YORK -
Flycell, Inc. (www.Flycell.com),
a leading mobile and online entertainment content c
Cedar Shopping Centers to Present at the Friedman Billings Ramsey 2009 Fall Investor Conference
PORT WASHINGTON, N.Y., Nov. 25 -- Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that Leo Ullman, the Company's Chairman, Chief Executive Officer and President, and Larry Kreider, its Chief Financial Officer, will present at the Friedman Billings Ramsey ...
CAIR to Release Report on U.S. Muslim Civil Rights
Annual study looks at Islamophobia, watch lists, surveillance of mosques, profiling
WASHINGTON, Nov. 25 /PRNewswire-USNewswire/ -- On Thursday, December 3, the Council on American-Islamic Relations (CAIR) will hold a news conference in the nation's capital to release its 14th ann...
DuPont Air Products NanoMaterials L.L.C. Receives Ruling in Patent Invalidity/Non-infringement Case Against Cabot Microelectronics
TEMPE, Ariz., Nov. 25 /PRNewswire/ -- DuPont Air Products NanoMaterials L.L.C. (DA NanoMaterials) remains confident in its legal positions following the judge's order denying all summary judgment motions in DA NanoMaterials' patent invalidity/non-infringement lawsuit against Cabot Micro...
Shoppers Stick to Traditional Fare for Thanksgiving: Top 15 Holiday Grocery Items Announced
As the nation prepares to celebrate its 388th Thanksgiving, shoppers are sticking to traditional fare at the grocery store, according to Vermont-based MyWebGrocer. Time-honored fare is topping shopping lists across the country, even as shoppers are increasingly planning their menus online or...
Deep Blue Marine, Inc. Announces Hiring of Archaeologist SALT LAKE CITY, UT -- 11/25/09 --
Deep Blue Marine, Inc. (PINKSHEETS: DPBE) is pleased to announce the hiring of Alejandro Selmi as their
official company archaeologist. Mr. Selmi comes with high accolades, an
impressive resume and years of experi..
Elluminate’s Fire and Ice Project Recognized as First-Ever iNACOL Award Winner for Outstanding and Most Innovative Online Learning Practice
Initiative expands to include cost-effective, sustainable distance training for students, teachers, and healthcare professionals in developing world./I/P
PPleasanton, CA (PRWEB) November 25, 2009 -- a href= http://www.elluminate.com/ onclick= linkClick( this.href ); target= _blank ...
|
|
|
|
|
|
|
|
|