HFF Arranges $50.78M Loan Through Freddie Mac for Alabama Multifamily Properties

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $50.78 million loan through Freddie Mac for The Links at Tuscaloosa, (top right photo) a 408-unit multifamily community, and The Greens at Tuscaloosa, (middle left photo) a 384-unit multifamily complex in Tuscaloosa, Alabama.

HFF director Brian Carlton worked on behalf of the borrower, The Greens at Tuscaloosa, a Limited Partnership, and Lindsey Management Company, Inc., to secure the 10-year fixed-rate loan through the lender. Proceeds were used to retire construction financing

The Links at Tuscaloosa and The Greens at Tuscaloosa are located at 1800 Links Boulevard in Tuscaloosa. Completed in 2007, the properties have a combined 792 units that are 97 % leased.

Shared community amenities include a clubhouse with fitness center, activity room and business center, a swimming pool and wading pool for kids, and a tennis court. In addition, residents have access to a golf shop and unlimited golf privileges at the adjacent Links at Tuscaloosa golf course, which is owned and managed by a Lindsey-affiliated company.

Fayetteville, Arkansas-based, Lindsey Management Co., Inc. (LMC) began operations in 1985 and since then has grown to become the largest property management firm of multifamily housing in the state of Arkansas.

LMC currently manages over 29,000 units in Arkansas, Alabama, Kansas, Mississippi, Missouri, Nebraska, Oklahoma and Tennessee.

CONTACTS:
Brian G. Carlton, HFF Director, 214 265 0880, bcarlton@hfflp.com
D. Scott Rogerson, Lindsey Management Chief Financial Officer, 479 521 6686, scott.rogerson@lindseymanagement.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com