HFF arranges $32.2M financing for Austin, TX luxury multi-housing high-rise

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $32.2 million in financing for AMLI on 2nd, (bottom left photo) a 19-story, 231-unit, Class A+ multi-housing development with approximately 41,000 square feet of ground floor retail in downtown Austin, Texas.

 

HFF executive managing director Scott Galloway and director Matt Kafka (top right photo) worked on behalf of AMLI Residential Properties to secure the seven-year, adjustable-rate loan through Freddie Mac (Federal Home Loan Mortgage Corporation).



AMLI Residential Properties, a national firm focused on the development, acquisition and management of luxury apartment communities, currently owns and operates 21,000 units.

Located at 421 West 3rd Street, AMLI on 2nd is situated within the “vibrant” 2nd Street retail district within walking distance of numerous area attractions including restaurants and entertainment venues and the Lady Bird Lake hike and bike trail.

The property was built in 2007, and offers one- and two-bedroom units with views of the downtown skyline, Westlake Hills and Lady Bird Lake. Community amenities include a fitness center, sky deck with pool and barbeque grills, business center, resident lounge and garage parking for both residential and retail tenants.

“AMLI on 2nd is truly a first-class development with tremendous views of the entire city and a fantastic amenity package. The property is well-positioned to take advantage of its live, work, play location in the rapidly growing Austin CBD,” said Kafka.

Contacts:

Matthew Kafka, HFF Director, (713) 852-3500, mkafka@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com