HFF secures financing for San Francisco Bay area multi-housing community

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured financing for Enclave at Adobe Creek (formerly known as Lakeville Resort), a 492-unit multi-housing community in Petaluma, California.

Working exclusively on behalf of an affiliate of Abacus Capital Group, LLC, HFF senior managing director Mona Carlton (top right photo) placed the seven-year, fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).

 The loan will be serviced by HFF and proceeds are being used to acquire the property. The executive team of Abacus Capital Group has over 60 years of combined experience in the multifamily housing industry and has acquired more than $2.5 billion of real estate assets including 23,000 apartment units.

Located at One Lakeville Circle in Petaluma, Enclave at Adobe Creek has convenient access to Redwood Highway and is approximately 33 miles north of San Francisco.

 The 94% leased property has one-, two- and three-bedroom apartment homes averaging approximately 939 square feet each.

Community amenities include five swimming pools, a spa, clubhouse, fitness center, tennis courts, basketball courts, outdoor picnic areas, on-site laundry facilities, children’s playground and reserved parking.

Contacts:

Mona K. Carlton, HFF Senior Managing Director, (214) 265-0880, mcarlton@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com