Monday, January 23, 2017
OUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for French Place Apartments, an 84-unit, garden-style apartment community in San Antonio, Texas.
HFF worked on behalf of the borrower, Venterra Realty (Venterra), to secure the seven-year, fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
French Place Apartments is located at 109 West French Place in San Antonio’s Monte Vista neighborhood just north of downtown and just west of Brackenridge Park.
The property is proximate to some of San Antonio’s top attractions, including The Alamo, Riverwalk, The Pearl Brewery mixed-use development, Northstar Mall and local schools, including Trinity University, University of Texas at San Antonio’s Downtown Campus and San Antonio College.
The property’s units feature one- and two-bedroom floor plans with fully-equipped kitchens, walk-in closets and patios/balconies. Common area amenities include a swimming pool, barbeque grills, courtyards, laundry facility and covered parking. The property was 97 percent leased at the time of closing.
The HFF debt placement team representing Venterra was led by managing director Cortney Cole.
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 | hfflp.com
Posted by Alex at 12:03 PM