HFF announces financing totaling $145.681M for 4 California multi-housing properties
NEWPORT BEACH, CA – January 10, 2018 – HFF announces $145.681 million in combined financing for four multi-housing properties totaling 930 units in various California locations.
HFF worked on behalf of Watermarke Properties, Inc. to secure the financing in four separate 10-year, fixed-rate loans placed with Freddie Mac’s CME Program. The securitized loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
The portfolio includes Adagio on the Green located at 26600 Oso Parkway in the Orange County community of Mission Viejo (256 units); One11 Apartments located at 111 W. Harrison Street in the Riverside County community of Corona (178 units); and Park Place at Fair Oaks located at 9800 Fair Oaks Boulevard (288 units) and Hazel Ranch Apartments at 8842 Winding Way (208 units) in the Sacramento County Community of Fair Oaks.
The HFF debt placement team included senior director Greg Brown.
“We are excited to have structured fixed-rate loans with excellent economic terms on Watermarke’s behalf through our strong relationship with Freddie Mac,” Brown said.
Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.