HFF arranges loan bringing total financing to $100.72M for third phase of Southern California multifamily community

IRVINE, CA – The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) has secured $13.27 million in financing for the third phase of Homecoming at Terra Vista, (above centered photo) a Class A multifamily community in Rancho Cucamonga, California. This phase includes 80 units that were completed in 2007.

Working exclusively on behalf of Lewis Operating Corp. and one of its affiliates, HFF senior managing director Don Curtis (top right photo) placed the 14-year fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation). HFF arranged the financing for Phase I and II of the property in 2005 and 2007 through Wachovia Multifamily Capital.

Total funding for all three loans is $100.72 million. Lewis Operating Corp. is a real estate developer specializing in California and Nevada.

The property is situated on 39.07 acres at 11660 Church Street within the master planned community of Terra Vista in Rancho Cucamonga. Homecoming at Terra Vista features 15 different one-, two- and three-bedroom apartment, townhouse and villa floor plans.

Units average 1,050 square feet each and have full-size washer/dryers, walk-in closets and one- or two-car attached garages. Community amenities include a pool, fitness center, children’s play area, business center, theatre, game room and library.

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. http://www.hfflp.com/.

CONTACTS:

Donald J. Curtis, HFF Senior Managing Director, 949 253 8800, dcurtis@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com