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CHICAGO, Nov 04, 2009 (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.
SOURCE: HFF CONTACT: 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 Business Wire 2009 -0- KEYWORD: United States
North America
Illinois
Massachusetts
Minnesota
Missouri INDUSTRY KEYWORD: Professional Services
REIT
Finance
Construction & Property
Commercial Building & Real Estate
Residential Building & Real Estate
Other Construction & Property
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