HFF announces acquisition financing for newly built multi-housing community in Houston, TX

Cortney Cole

HOUSTON, TX – Sept. 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for Ascension on the Bayou, a newly built, 280-unit, Class A multi-housing community in Houston, Texas.

The HFF team worked on behalf of the borrower, Tarantino Properties, to secure a 10-year acquisition loan with a fixed interest rate of 4.43 percent with six years of interest-only payments.

Ascension on the Bayou was completed in 2017 and is situated along Buffalo Bayou at 150 W. Sam Houston Parkway at the convergence of Houston’s Energy Corridor, Westchase and Memorial City neighborhoods. 

The LEED Silver, mid-rise podium-style property offers immediate access to Terry Hershey Park and multiple employment, retail, dining and entertainment amenities. 

 Ascension on the Bayou features a variety of one- and two-bedroom floor plans, some of which also include a study, and high-end finishes, island kitchens with breakfast bars, full-size washers and dryers, recessed lighting, walk-in closets, and patios or balconies providing unobstructed views of the woods along the bayou. 

Community amenities include an infinity-edge pool, grilling area, fire pit, covered fitness plaza with ping pong tables, indoor fitness center, entertainment lounge, business center and pet park.

HFF’s debt placement team representing the borrower included managing director Cortney Cole and analyst Sterling Curry.

 CONTACTS:

CORTNEY COLE

HFF Managing Director

(713) 852-3500

ccole@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com