Tuesday, October 4, 2016
HFF secures $41.547 million financing for Three-property seniors housing portfolio in Sacramento, CA
DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $41.547 million in financing for a three-property seniors housing portfolio in Sacramento, California.
HFF worked on behalf of Harbert Seniors Housing Fund I, LP, an affiliate of Harbert Management Corporation, to secure the seven-year, floating-rate acquisition loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.
The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
The properties in the portfolio are: Chateau on Capitol Avenue, Chateau at River’s Edge and River’s Edge. Chateau on Capitol Avenue is located at 2701 Capitol Avenue less than two miles east of downtown Sacramento.
The property has 56 assisted living units totaling 60,268 rentable square feet. Chateau at River’s Edge and River’s Edge are adjacent properties located at 601 and 641 Feature Drive, approximately 3.9 miles east of Chateau on Capitol Avenue.
Chateau at River’s Edge has 97 assisted living and 10 memory care units while River’s Edge encompasses 94 independent living units totaling 55,576 rentable square feet. The properties are 95 percent leased overall.
The HFF seniors housing team representing the borrower was led by senior managing directors Ryan Maconachy and Chad Lavender and associate director Sarah Anderson.
For a complete copy of the company’s news release, please contact:
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
Posted by Alex at 12:05 PM