Saturday, March 5, 2016

Universe Holdings Refinances Seven Multifamily Properties Through HFF for $14.32 Million

Henry Manoucheri
Los Angeles, CA – Universe Holdings (Universe), a privately-held multifamily real estate investment firm, has completed the strategic refinancing of seven multifamily properties encompassing 125 units in transactions totaling $14,320,000.

 HFF structured the loans on behalf of Universe through Freddie Mac, with five-year fixed interest rates ranging from 3.2 to 3.5 percent.

“We actively manage our portfolio, and HFF is a strategic partner in helping us maximize the value of our owned assets,” said Henry Manoucheri, founder and CEO of Universe Holdings.

“We have completed 38 refinancing and purchase transactions with HFF since 2012, each time stabilizing assets for long-term hold while freeing capital to redeploy in additional acquisitions. 

"This partnership has played an integral role in facilitating growth while providing our investors with enhanced returns.”

Charles Halladay, managing director with HFF, represented Universe Holdings in the transactions, securing the loans on behalf of Universe through HFF’s Freddie Mac Program Plus® Seller/Servicer Program and Sabal Financial’s Freddie Mac Small Balance Program.

The refinanced properties include: Chateau Whitset; Chateau Laurel; Chateau Studio Village; Chateau Spring Gardens; Chateau Sycamore; Chateau Emeleta; and Ocean Elements at Alamitos Beach. The portfolio of seven properties was 100 percent leased at the time of refinance.
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 |

 Chris Egger

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