Supplemental financing for Class A apartment community in Winter Garden, Florida secured by HFF
HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured supplemental financing for Falcon Square, a 379-unit, Class A apartment community in Winter Garden, Florida.
HFF worked on behalf of the borrower, Venterra Realty, to place the seven-year fixed-rate supplemental loan with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
Falcon Square has one-, two- and three-bedroom floor plans ranging between 751 and 1,369 square feet. Completed in 2008, the community features amenities such as a swimming pool, tennis courts, basketball court, playground, bark park, two state-of-the-art fitness centers and clubhouse. The asset is located at 14600 Avenue of the Groves in the Independence master planned community of Winter Garden, proximate to Walt Disney World and other retail and dining attractions in Winter Garden Village. The property is 95 percent occupied.
The HFF debt placement team representing the borrower was led by director Cortney Cole and real estate analyst Jordan Finch.
About Venterra Realty
Venterra specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. Venterra currently manages a portfolio of approximately 17,000 multifamily units totaling more than $1.45 billion in value that generates gross annual income in excess of $180 million. The organization has completed in excess of $2.6 billion of real estate transactions. Venterra has offices in both Houston and Toronto and employs more than 500 people.
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.