HFF arranges $1.5 million in acquisition financing for 14-unit multi-housing property in Concord, California
SAN FRANCISCO, CA – July 26, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $1.5 million in acquisition financing for 2093 Mount Diablo, a 14-unit multi-housing property in Concord, California.
HFF worked on behalf of the borrower, PTLA Real Estate Group, to secure the seven-year, fixed-rate loan with five years of interest only.
2093 Mount Diablo features studio and one-bedroom units ranging from 500 to 565 square feet. The two-story property is located less than six miles north of Walnut Creek and approximately 30 miles northeast of downtown San Francisco providing access to some of the Bay Area’s major employment centers via Interstate 68 and California 24. With a Walk Score® of 93, 2093 Mount Diablo also offers residents an array of nearby local retail and recreational amenities in the Outer Concord/Pleasant Hill submarket.
The HFF debt placement team representing the borrower was led by director Chris Gandy.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 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 sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.