Saturday, June 8, 2019

HFF announces $23 million financing for 196-unit apartment community in Sandy Springs, GA


Elliott Throne
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces $22.896 million in financing for River Vista, a 196-unit, garden-style apartment community in the North Atlanta community of Sandy Springs, Georgia.

HFF worked on behalf of Stonebridge Investments to secure a seven-year, fixed-rate loan with five years of interest-only payments through Freddie Mac’s Green Advantage program.  The loan will be serviced by HFF, a Freddie Mac Optigo℠ lender for Conventional Loans.

River Vista is located at 9200 Roberts Drive just a few miles north of the I-285/GA-400 interchange, which provides access to the Central Perimeter office market and downtown Atlanta. 

Originally constructed in 1996, the property features a mix of one-, two- and three-bedroom floor plans that were more than 96% occupied at closing. 

Community amenities include a swimming pool with sundeck, outdoor kitchen with grills, outdoor social area with TV, playground, clubhouse lounge with demonstration kitchen and 24-hour fitness center.

The HFF debt placement team representing the borrower included managing director Elliott Throne and director Ware Shipman.

CONTACTS:

ELLIOTT THRONE
HFF Managing Director
(305) 421-6549

WARE SHIPMAN
HFF Director
(404) 942-2219

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
  

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