Monday, December 8, 2008

HFF secures $11.2M refinancing for Chino, CA senior housing community

LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured an $11.2 million refinancing for Hillsborough Village, (top right photo) a 196-unit senior housing community in Chino, California.

Working on behalf of Komar Investments, HFF placed the six-year, 5.82% fixed-rate loan with Wachovia Multifamily Capital, Inc. – FNMA. Komar Investments, LLC is a privately-held company engaged in a wide variety of investments.

Hillsborough Village is located at 11902 Central Avenue one half mile north of the Pomona Freeway in Chino, approximately 30 miles east of Los Angeles. Situated on a 5.8-acre site, the property has three residential buildings with 100 one-bedroom, 95 two-bedroom and one three-bedroom unit. Community amenities include a clubhouse, pool and spa.

Contacts:
Paul C. Brindley, HFF Senior Managing Director, (310) 407-2100, pbrindley@hfflp.com

Myra F. Moren, HFF Director, Marketing, (713) 852-3500, mmoren@hfflp.com

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