Saturday, December 19, 2015

HFF secures financing for Class A multi-housing community in Houston’s Inner Loop

Scott Galloway
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for Sunrise by the Park, a newly-built, 180-unit, Class A multi-housing community in Houston’s Inner Loop.

Working on behalf of the borrower, Sunrise Luxury Living, HFF placed the 10-year, fixed-rate loan with LStar Capital Finance, Inc.  Loan proceeds were used to replace existing construction financing.

Completed in January 2015, Sunrise by the Park is located near the intersection of Memorial Drive and Birdsall Street at the entrance to Memorial Park.  

Situated on 1.52 acres, the asset provides convenient access to downtown Houston, the Galleria, Uptown, River Oaks, Upper Kirby, West Ave. and Highland Village. 

The four-story, podium-style building has units averaging 745 square feet each and is built above a two-story, 268-space parking garage. 

Cameron Cureton
Community amenities include a resort-style swimming pool with tanning ledge and spa, barbecue grills, state-of-the-art fitness center with yoga/training room, lounge with billiards, catering kitchen, business center, bike storage/repair station and access to miles of nearby biking/jogging trails at Memorial Park.

The HFF debt placement team representing the borrower was led by director Cameron Cureton and executive managing director Scott Galloway.

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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