HFF arranges $38.7M loan through Freddie Mac for Nebraska multifamily property

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $38.7 million loan through Freddie Mac for The Links at Lincoln, (middle left photo) a 612-unit multifamily property in Lincoln, Nebraska.

HFF director Brian Carlton (top right photo) worked on behalf of the borrower, The Links at Lincoln, a Limited Partnership and Lindsey Management Company, Inc., to secure the 10-year, fixed-rate loan with the lender. Proceeds were used to retire the property’s construction financing.

Completed in 2007, The Links at Lincoln has one- and two-bedroom units that are currently 97% leased. Community amenities include a clubhouse with fitness center, activity room and business center, swimming pool, wading pool for kids and tennis court.

In addition, residents have access to a golf shop and unlimited golf privileges at the adjacent Links at Lincoln golf course, which is owned and managed by a Lindsey-affiliated company.

The property is located at 375 Fletcher Avenue close to the Interstates 80 and 180 interchange in Lincoln.

“Lindsey is one of the most prolific and respected multifamily developers in the country. Freddie Mac recognized this and worked extremely hard to rekindle this relationship in spite of the current turmoil in the capital markets,” said Carlton.

Fayetteville, Arkansas-based, Lindsey Management Co., Inc. (LMC) began operations in 1985 and since then has grown to become the largest property management firm of multifamily housing in the state of Arkansas. LMC currently manages over 29,000 units in Arkansas, Alabama, Kansas, Mississippi, Missouri, Nebraska, Oklahoma and Tennessee.

CONTACTS:

Brian G. Carlton, HFF Director, 214 365 0880, bcarlton@hfflp.com

D. Scott Rogerson, Lindsey Management Chief Financial Officer, 479 521 6686, scott.rogerson@lindseymanagmenet.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com