 |
| 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 | www.hfflp.com
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