HFF arranges $3M refinancing for Glen Creek Park Apartments in Salem, OR

PORTLAND, OR – The Portland office of HFF (Holliday Fenoglio Fowler, L.P.)has arranged a $3 million refinancing for Glen Creek Park Apartments, (top left photo)  an 86-unit multi-housing community in Salem, Oregon.

HFF associate director Tom Wilson worked on behalf of the borrower, Glen Creek Park Apts, LLC to secure the 10-year, 5.56% fixed-rate loan through HFF’s correspondent Fannie Mae DUS lender, M&T Realty Capital Corporation.

“The refinance allowed the borrower to secure long-term financing at a favorable fixed-rate in anticipation of a rising interest rate environment,” said Wilson.

Glen Creek Park Apartments is located at 351-359 GlenCreek Road NW approximately 44 miles southwest of downtown Portland via Interstate 5. The property is currently 99% leased

Contacts:

Thomas F. Wilson,  HFF Associate Director, (503) 224-0444, twilson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com