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| Trails of Ashford Apartments, 12710 Brent Rock Drive, Southwest Houston, TX |
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| Jason Bond |
CHICAGO, IL – HFF
announced it has secured $15 million in financing for the Trails of Ashford,
a 514-unit, garden-style multi-housing property in southwest Houston, Texas.
Working exclusively on behalf of the borrower, Bayshore Properties, HFF
placed the 10-year, fixed-rate loan with Jefferies LoanCore LLC. Loan proceeds were used to refinance and
recapitalize the asset.
The Trails of Ashford consists of 34 two-
and three-story buildings totaling 390,960 square feet. There are nine different floor plans with an
average unit size of 751 square feet, and the property features a fitness
center, two swimming pools, sand volleyball court, lighted tennis court and
limited gate access.
The property is
situated on 28.54 acres at 12710 Brant Rock Drive where it intersects
with South Dairy Ashford Road just off the Westpark Tollway.
The property is within 10 miles of both the 610
Loop and the Sam Houston Tollway (Beltway 8), which provide access to all other
major highways in and around Houston.
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| Dan Kearns |
The HFF debt placement team representing the borrower was
led by associate director Jason Bond and real estate analyst Dan Kearns.
“HFF is very pleased to have assisted Bayshore Properties in
securing financing for Trails of Ashford,” Bond stated.
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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