DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $5.8 million refinancing for Seatree Apartments,(top right photo) a 220-unit multifamily community in southeast Houston, Texas.Working exclusively on behalf of Seatree Properties, Ltd., an affiliate of Hall Financial Group, Ltd., HFF senior managing director Whitaker Johnson (bottom left photo) placed the 10-year, fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).
The new loan allows Seatree Properties, Ltd. to completely pay off the existing loan on the property.
Seatree Apartments is located at 2800 Nasa Parkway approximately 20 miles southeast of downtown Houston via Interstate 45 in Seabrook. Renovated in 2006, the property is a garden-style complex that offers five floor plans averaging 750 square feet. “Seatree Apartments has historically maintained high occupancies and is currently more than 98% occupied due to an influx of residents evacuated from Galveston Island as a result of Hurricane Ike,” said Johnson.
Hall Financial Group’s diversified holdings include active operations in commercial real estate development, ownership and management, structured finance lending for real estate and other areas, vineyards and wineries and oil and gas.
In addition, the company maintains a substantial portfolio of stocks, bonds and venture capital investments in a broad range of industries. For more information, visit http://www.hallfinancial.com/.
CONTACTS:
WHITAKER M. JOHNSON HFF Senior Managing Director, (214) 265-0880, wjohnson@hfflp.com
KRISTEN M. MURPHY, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
No comments:
Post a Comment