Wednesday, September 30, 2015

HFF secures financing for 608-unit multi-housing community in Dallas, TX area

The Neighborhoods at Cypress Waters Apartments, 3211 Scotch Creek Road, Dallas, TX

Trey Morsbach
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for The Neighborhoods at Cypress Waters, a 608-unit, Class A apartment and townhome community in Dallas, Texas.

HFF worked on behalf of Billingsley Company to secure the 15-year, fixed-rate loan through TIAA-CREF.  Loan proceeds were used to replace an expiring construction loan.

Completed in September 2014, The Neighborhoods at Cypress Waters is situated within the 1,000-acre, waterfront Cypress Waters mixed-use development with office, multi-housing and retail in the central part of the Dallas-Fort Worth Metroplex. 

The property encompasses a mix of flat- and townhome-style units totaling 489,486 rentable square feet with an average unit size of 805 square feet. 

Located at 3211 Scotch Creek Road, the asset is next to a 362-acre lake and has amenities such as two resort-style swimming pools, fitness center, sand volleyball court, hike and bike trails, children’s music park and playground, pet-friendly parks and dog stations.  The property is 95 percent occupied.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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