Sunday, March 13, 2016

HFF arranges financing for 148-unit apartment community in Temple, TX

Cortney Cole
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged financing for Chappell Creek Village, a 148-unit, garden-style apartment community in Temple, Texas.

Working exclusively on behalf of the borrower, Chappell Hill Equity III, Ltd., HFF placed the 10-year, 3.86 percent, fixed-rate loan with a correspondent life insurance lender.

Chappell Creek Village is situated on the north side of Ira Young Drive in southwest Temple, just one half of a mile east of Interstate 35 and near major area employers such as Scott & White Memorial Hospital, McLane Foodservice headquarters, Walmart Regional Distribution Center and Temple Mall. 

Built on 12.62 acres, the property encompasses 148 one-, two- and three-bedroom units within 12 two- and three-story apartment buildings that total 147,220 rentable square feet.  Community amenities include a swimming pool, fitness center, business center and on-site laundry facilities.  The property is 93 percent occupied.

HFF’s debt placement team was led by director Cortney Cole 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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