HOUSTON, TX – HFF announced that it has arranged financing for Villa Lago Apartment Homes (top left photo), a 204-unit, Class A multi-housing community in Ft. Worth, Texas.
HFF worked exclusively on behalf of Venterra Realty to secure the seven-year, fixed-rate securitized loan through Freddie Mac (Federal Home Loan Mortgage Corporation).
HFF will service the loan through its Freddie Mac Program Plus® Seller/Servicer program. Loan proceeds were used to acquire the property.
Villa Lago Apartment Homes is located at 8201 Boat Club Road in northwest Ft. Worth. Completed in 2009, the property has 10 three-story residential buildings with one-, two- and three-bedroom units. The 96 percent leased property features a resort-style pool, business center, fitness center and covered parking.
The HFF team representing Venterra Realty was led by director Cortney Cole (lower right photo).
Venterra specializes in the identification, finance, acquisition and management of multi-family residential communities in the southern United States.
Venterra currently manages a portfolio of multi-family real estate assets totaling over $850 million in value that generates gross annual income in excess of $125 million. The organization has completed in excess of $1.5 billion of real estate transactions. Venterra has offices in both Houston and Toronto and employs approximately 450 people.
Contacts:
CORTNEY R. COLE
HFF Director
(713) 852-3500
ccole@hfflp.co
Kristen M. Murphy, Assistant Director Marketing, (713) 852-3500 krmurphy@hfflp.com
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