Friday, November 4, 2016

HFF arranges acquisition financing for 240-unit apartment community in Dallas’ Oak Lawn neighborhood

Cortney Cole

 HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for ilume Park, a 240-unit, boutique apartment community in Dallas’ Oak Lawn neighborhood.

HFF worked exclusively on behalf of the borrower, Venterra Realty (Venterra), to secure the five-year, fixed-rate acquisition loan with five years of interest only payments through a life company correspondent lender.

 Venterra acquired ilume Park’s partner property, ilume, in conjunction with this acquisition in a non-HFF-related transaction.  ilume has 316 units and is situated across from ilume Park at 4123 Cedar Springs Road.

Steve Heldenfels
ilume Park is located at 3109 Douglas Avenue at the intersection of Cedar Springs Road in the Oak Lawn submarket near Uptown, the medical district and downtown Dallas.

 The property’s one- and two-bedroom units feature granite countertops, stainless steel appliances, gray faux wood flooring, washer/dryer connections and patios or balconies. 

Community amenities include a 4,000-square-foot fitness and health center, massage room, tanning beds, Zen garden, two enclosed dog parks with bone-shaped dog pool and pet grooming salon.

The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels.

For a complete copy of the company’s news release, please contact:

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

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