 |
| Zach Koucos |
SAN DIEGO, CA – HFF
announced it has arranged $12 million in permanent financing for Bluff
House, a 285-unit apartment community in
Orange Park, Florida.
Working exclusively on behalf
of Pacifica Companies, HFF placed the five-year, fixed-rate loan with
BankUnited. Loan proceeds will
refinance existing debt on the property.
Bluff House is situated on
18.32 acres at 2020 Wells Road in Orange Park along the St. Johns River,
approximately 18 miles southwest of downtown Jacksonville.
In addition to the 285
one-, two- and three-bedroom homes included in this transaction, the property
also encompasses seven privately-owned condo units.
Community amenities include two swimming
pools, a fitness center and picnic area. Renovated in 2012, the property has a historical occupancy of
approximately 90 percent.
The HFF team representing the
borrower was led by directors Zach Koucos
and Michael Weinberg and analyst Akhil
Israni.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza,
Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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