DALLAS, TX – The Dallas and Miami offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have secured an $18.25 million refinancing for Harbor at Lake Howell, (top right photo) a 408-unit multifamily community in Casselberry, Florida.Working exclusively on behalf of LaSalle Investment Management, HFF managing directors John Rose and Paul Stasaitis (middle left photo) and director Elliott Throne (bottom right photo) placed the 7-year adjustable-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).
LaSalle Investment Management is a worldwide real estate investment manager that is an independent subsidiary of Jones Lang LaSalle and has approximately $41.1 billion of assets under management.
Harbor at Lake Howell is situated on a 34-acre site at 1280 Vinings Lane in Casselberry, approximately seven miles north of Orlando.
The 90% leased property has one-, two- and three-bedroom units averaging 1,065 square feet. Community amenities include two swimming pools, a tennis court, a fitness center, a volleyball court and a business center as well as access to a boat ramp and beach on Lake Howell.
HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.
Contacts:
John W. Rose, HFF Managing Director, (214) 265-0880, jrose@hfflp.com
G. Paul Sasaitis, HFF Managing Director, (305) 448-1333, pstasaitis@hfflp.com
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