Wednesday, July 26, 2017

HFF arranges $1.5 million in acquisition financing for 14-unit multi-housing property in Concord, CA

2093 Mount Diablo Apartments, Concord, CA

SAN FRANCISCO, CA, July 26, 2017– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $1.5 million in acquisition financing for 2093 Mount Diablo, a 14-unit multi-housing property in Concord, California.

HFF worked on behalf of the borrower, PTLA Real Estate Group, to secure the seven-year, fixed-rate loan with five years of interest only.

Chris Gandy
2093 Mount Diablo features studio and one-bedroom units ranging from 500 to 565 square feet.  The two-story property is located less than six miles north of Walnut Creek and approximately 30 miles northeast of downtown San Francisco providing access to some of the Bay Area’s major employment centers via Interstate 68 and California 24. 

With a Walk Score® of 93, 2093 Mount Diablo also offers residents an array of nearby local retail and recreational amenities in the Outer Concord/Pleasant Hill submarket.

The HFF debt placement team representing the borrower was led by 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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