HFF secures $56.925 million financing for 352-unit apartment community in Doral, Florida
HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $56.925 million in financing for AMLI Doral, a 352-unit, Class AA, garden-style apartment community in Doral, Florida.
Working on behalf of the borrower, AMLI Residential Properties Trust, HFF placed the seven-year, fixed-rate loan with The Northwestern Mutual Life Insurance Company.
AMLI Doral is located at 11481 NW 41st Street (Doral Boulevard) immediately east of the Florida Turnpike in Miami Dade County. The property is approximately 15 miles northwest of downtown Miami and 11 miles west of Miami International Airport. Completed in 2013, the property has eight residential buildings surrounding a picturesque lake and offers eight distinct floor plans, which include one-, two- and three-bedroom units averaging 1,063 square feet each. Community amenities include a resort-style swimming pool with sundeck; lakeside lounge/entertainment area with gas fire pit; children’s park; state-of-the-art fitness center; dual-tier clubhouse; resident lounge with billiards; second-story outdoor lounge area with pool and lake views; and full service business center.
The HFF debt placement team representing the borrower was led by senior managing director Matt Kafka and associate director Scott Wadler.
AMLI is one of the preeminent multifamily companies in the nation. The company is focused on the development, acquisition and management of luxury apartment communities.
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.