HARTFORD, CT – The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) has secured first mortgage financing totaling $206.99 million for six Class A multifamily communities throughout the United States.HFF senior managing director Dana Brome (top right photo) worked exclusively with UBS Realty Investors in arranging the five-year, fixed-rate loans through MetLife Real Estate Investments on behalf of the Trumbull Property Fund.
“The lender selection process was surprisingly competitive even in light of the current financial markets,” said Brome. “The extremely low leverage and diversity of markets really enticed all the primary players.
" Ultimately MetLife won the financing based upon a combination of factors that included a rapid rate lock and streamlined closing process, which allowed the borrowers to capitalize on the current interest rate environment.”
The properties total 2,157 units and are located in Chula Vista and Orange, California, Atlanta, Georgia, Chicago, Illinois and Durham, North Carolina. (Trumbull Property Fund's Boston headquarters building, bottom left photo).
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry
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. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/
CONTACTS:
Dana E. Brome, HFF Senior Managing Director, 860 275 6199, dbrome@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com/
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