 |
| Robert Wooten |
AUSTIN, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for
Apple Creek, a 176-unit multi-housing community in Georgetown, Texas, on behalf
of a joint venture between GVA, LLC and Decisive Ventures, LLC.
HFF placed the seven-year,
3.31 percent, floating-rate loan with Freddie Mac’s CME Program on behalf of
the joint venture.
The securitized loan
will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for
Conventional Loans. Loan proceeds will
be used for the purchase of the property and planned capital improvements to
the asset.
Apple Creek is situated on
10.538 acres at 302 Apple Creek Drive just off Interstate 35, which serves as
Central Texas’ main transportation artery and provides access into Austin
approximately 30 miles to the south.
The 10-building, two-story
community is 98 percent leased and comprises a mix of efficiency, one- and
two-bedroom units averaging 673 square feet each. Community amenities include a pool, dog park,
playground, grilling area and basketball court.
The HFF team representing
the borrower was led by director Robert
Wooten.
For more information on
GVA, please contact Tony Garrant – 512-779-6744 or tonygarrant@gmail.com
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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