Tuesday, August 23, 2011

HFF secures $6 million refinancing for multi-housing community near California State University in Northridge, CA

  
                               
 LOS ANGELES, CA – HFF announced today that it has secured a $6 million refinancing for Americana Northridge Apartments (top left photo), a 115-unit multi-housing community adjacent to California State University in Northridge, California.

Working on behalf of Hager Pacific Properties, HFF placed the 15-year, fully-amortizing, 4.95 percent, fixed-rate loan with a life insurance company.  HFF will also service the loan. 

 Americana Northridge Apartments is situated on two acres at 9740 Zelzah Avenue about three miles west of the 405 Freeway in Northridge, northwest of Los Angeles.  The 95% leased property has studio, one- and two-bedroom units averaging 600 square feet each. 

The HFF team representing the borrower, Hager Pacific Properties, was led by managing director Mark Wintner (lower right photo).

 For more information about Hager Pacific Properties, please visit www.hagerpacific.com.

Contacts: 
Mark Wintner, HFF Managing Director, (310) 407-2100, mwintner@hfflp.com                                                  
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,  
krmurphy@hfflp.com                  

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