DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $10.55 million refinancing for Trinity Lofts, a 93-unit, Class A multi-housing community in Dallas’ Design District.
HFF senior managing director John Brownlee (top right photo) and senior real estate analyst Mike Ostella worked on behalf of Alpha-Barnes Real Estate Services and the Jim Lake Companies to secure the seven-year, fixed-rate securitized loan through Freddie Mac (Federal Home Loan Mortgage Corporation).
HFF will service the loan through their Freddie Mac Program Plus® Seller/Servicer program.
Completed in 2005, the property has loft-style, one-, two- and three-bedroom units plus 28,000 square feet of retail/showroom space within five buildings.
Residential amenities include a fitness center, rooftop terrace, four-story internal atrium area, conference/media room and reserved/covered parking. Trinity Lofts is 92% leased and commercial tenants include Ferguson Supply.
“Trinity Lofts has an exceptional location in Dallas’ Design District (lower right photo) with easy access to major employments areas such as Downtown, Uptown, Preston Center and the Stemmons Corridor,” said Brownlee.
Alpha-Barnes Real Estate Services currently owns or manages approximately 100 communities with a total unit count of more than 14,000 units. Alpha-Barnes focuses on development and property management of multi-family properties, new and existing, primarily in Texas.
Jim Lake Companies, established in 1964, focuses on Adaptive Urban Redevelopment in Dallas and maintains an inventory of 1,850,000 square feet of commercial properties.
Contacts:
John S. Brownlee, HFF Senior Managing Director, (214) 265-0880, jbrownlee@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com
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