MIAMI, FL – HFF announced today that it has secured a $19.3 million financing for Wildflower Apartments (top left photo), a 201-unit, Class A multi-housing community in Gainesville, Florida.Working exclusively on behalf of EPOCH Properties, HFF placed the seven-year, fixed-rate loan through Prudential Mortgage Capital Company.
Wildflower Apartments is located at 1210 Southwest 11th Avenue directly across from the University of Florida campus and Shands Hospital. The 99 percent occupied property has five residential buildings with one-, two- and three-bedroom units available with or without lofts.
Built in 2007, community amenities include structured parking, concierge service, fitness facility, billiards room with pub area, air-conditioned basketball/sport court, resort style pool, resident’s club and surround sound screening room.
The HFF team representing the borrower was led by director Elliott Throne (middle right photo).
“This deal represented perfect circumstances for the lender to seize the opportunity to make an excellent investment in the area’s premier multi-housing project with a superior sponsor who is locking in financing at a time when rates are at incredible lows” stated Throne.
Contacts:
ELLIOTT P. THRONE
HFF Director
(305) 421-6549
OLIVIA HENNESSEY
HFF Associate, Marketing
(713) 852-3500
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