HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has secured an $8.8 million financing for Foxfire Apartments, (top right photo) a 328-unit multifamily community in Amarillo, Texas.Working exclusively on behalf of Post Investment Group, LLC, HFF managing director Tucker Knight (middle left photo) and real estate analyst Steve Gautier placed the two-year, adjustable-rate loan with Wrightwood Capital.
Loan proceeds are being used to acquire and renovate the property. P
ost Investment Group is an opportunistic real estate investment firm that invests in multifamily properties nationwide.Foxfire Apartments is located at 4101 West 45th Avenue less than one mile west of Interstate 27 in southwest Amarillo. The property was completed in two phases and has 41 two-story residential buildings totaling 290,264 square feet. Community amenities include two swimming pools, sun deck, playground, clubhouse and covered parking.
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.
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.
CONTACTS:
Tucker S. Knight, HFF Managing Director, 713 852 3513, tknight@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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