HFF arranges refinancing totaling $26.34 million for 5 Texas multi-housing communities
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 Location||Size||Occupancy|
Park Creek Manor
Pythian Manor Apartments
HFF’s debt placement team was led by associate director De’On Collins and senior managing director John Brownlee.
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.
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.