Sunday, March 5, 2017

HFF arranges financing totaling $10.525 million for 2 Walnut Creek, CA apartment communities

Vista Terrace Apartments, Walnut Creek, CA

Tom Wilson

 PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged financing totaling $10.525 million for two Walnut Creek, California, apartment communities, Vista Terrace and Oak Terrace.

HFF worked exclusively on behalf of the borrower, PTLA Real Estate Group, to arrange financing in two separate transactions for the properties through a national bank lender.  Both properties are secured by seven-year, fixed-rate loans.

 Vista Terrace is located at 1355 Mount Pisgah Road just east of numerous retail, dining and entertainment amenities in downtown Walnut Creek.  The property is also convenient to nearby transit options, including Interstate 680 and the Walnut Creek BART station.

 The 40-unit property offers a mix of one-, two- and three-bedroom floor plans.  In addition to its prime location, Vista Terrace offers amenities, including a landscaped courtyard, private balconies, stainless steel appliances and newly renovated designer interiors.

Oak Terrace is located one mile west of Vista Terrace at 1414 Oakland Boulevard.  The property is just east of Interstate 680 and to the south of the Walnut Creek BART station.  The property has eight two-bedroom units averaging 750 square feet each.  The property was most recently renovated in 2016 and was 100 percent leased as of closing.

HFF’s debt placement team representing the borrower was led by senior managing director Tom Wilson and director Chris Gandy.

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 |

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