Wednesday, February 17, 2016

HFF secures $200 million credit facility for Abacus Capital Group LLC

Mona Carlton
DALLAS, TX – February 16, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $200 million credit facility for Abacus Capital Group LLC (Abacus).  The first asset, which funded into the credit facility is The Point at Perimeter, a two-phase, garden-style multi-housing community totaling 603 units in Dunwoody, Georgia. 

Working on behalf of a fund advised by Abacus, HFF secured the floating-rate credit facility through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

The two phases of The Point at Perimeter, the 365-unit Ashford and 238-unit Dunwoody, operate as separate properties with their own set of amenities, including resort-style swimming pools with sundecks, 24-hour fitness centers, indoor racquetball courts, clubrooms and car care centers.

  Both phases offer a mix of one-, two- and three-bedroom floor plans averaging 934 square feet each.  Situated on 12.172 acres, The Point at Perimeter is located at 100 Ashford Gables Drive, approximately 15 miles north of downtown Atlanta and convenient to Interstate 285, State Highway 400 and Perimeter Mall.  The community is 96 percent leased overall.

The HFF debt placement team representing the borrower was led by senior managing director Mona Carlton.

 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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