Press Release brought to you by HFF

HFF arranges refinancing totaling $26.34 million for 5 Texas multi-housing communities

07/22/2015

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a combined $26.34 million refinancing for five multi-housing communities totaling 890 units in Dallas and Austin, Texas.

HFF worked on behalf of the borrower, AmeriSouth Realty, to secure financing in five separate transactions.  Rialto Mortgage Finance, LLC provided loans for three of the properties and Edgewood Capital Advisors provided loans for the remaining two assets.  Proceeds were used to refinance existing debt on the properties. 

Individual property details are listed below:

Property Name and LocationSizeOccupancy

Springdale Apartments
1909 Higgins Street, Haltom City

100 units100.0%

Terrace View
417 West Tarrant Road, Grand Prairie

192 units97.4%

Park Creek Manor
2520 Coombs Creek Drive, Dallas

322 units

99.1%

Huntington Meadows
7000 Decker Lane, Austin

200 units98.0%

Pythian Manor Apartments
2719 East Illinois Avenue, Dallas

76 units100.0%

 HFF’s debt placement team was led by associate director De’On Collins and senior managing director John Brownlee.

AmeriSouth Realty
Founded in 1987, AmeriSouth is a Texas-based, value-added owner, operator and developer of Class C multifamily apartment communities.  The company currently owns and operates more than 2,000 units across 15 properties located throughout the Dallas-Fort Worth area, as well as Austin and Texarkana.  Throughout its existence, the company has owned and managed more than 10,000 units.  For more information, please visit www.amerisouthrealty.com.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.  HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

07/22/2015 - 21:00

Source

HFF

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