HFF arranges $2.5M refinancing for Louisville, KY office building

INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $2.5 million refinancing for Hanover Place (bottom left photo) , a 35,424-square-foot office building in Louisville, Kentucky.

Working exclusively on behalf of Hanover Place, LLC, HFF managing director Jon Everson (top right photo) placed the 20-year, fixed-rate loan with a life insurance company.

The borrower is a local developer that brought a strong track record to the table. HFF will also service the loan.

Hanover Place is located at 4500 Bowling Boulevard in the desirable St. Matthews submarket, approximately seven miles west of Louisville’s central business district. Completed in 1997, the property is fully leased.

“Capital markets conditions continued to deteriorate throughout the process (lender was ‘out of market’ after going under application), however, the lender closed and delivered the terms applied for,” said Everson.

CONTACTS:
Jonathan P. Everson, HFF Managing Director, 317 630 3191, jeverson@hfflp.com

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