Saturday, March 11, 2017
HFF arranges acquisition financing for Georgetown, TX multi-housing community on behalf of GVA, LLC and Decisive Ventures, LLC
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 email@example.com
For a complete copy of the company’s news release, please contact:
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com