HFF announces refinancing for Katy, Texas, apartment community
HOUSTON, TX – January 22, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces refinancing for Haven at Westgreen, a 225-unit, Class A apartment community in the west Houston suburb of Katy, Texas.
The HFF team worked exclusively on behalf of the borrower, CAF Capital Partners, to place the 10-year, 3.41 percent, floating-rate loan with Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
Haven at Westgreen is situated at 510 Westgreen Boulevard immediately south of Interstate 10 within the epicenter of the Katy area’s growth. The property’s location offers convenient access to Houston’s Energy Corridor. Completed in 2015, the gated community has one- and two-bedroom units ranging from 634 square feet to 1,274 square feet. Community amenities include a resort-style swimming pool, poolside grill stations, fire pit, 24-hour fitness facility, resident lounge, conference room and detached garages.
The HFF debt placement team representing the borrower included managing director Cortney Cole and director Dustin Selzer.
About CAF Capital Partners
CAF Capital Partners is a Dallas-based, vertically integrated, private equity real estate firm specializing in the acquisition, redevelopment and repositioning of institutional-quality multifamily real estate. The firm currently owns and operates properties in Dallas/Fort Worth and Houston with plans to expand into other major MSAs in the southeast and southwest United States.
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.