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$100 Million Financing Arranged by HFF for Four-Property Multi-Housing Portfolio

CHICAGO - 
      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 RREE
Posted : Wed, 04 Nov 2009 23:01:23 GMT
Author : HFF
Category : Press Release
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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


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