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| e300 Apartments, Des Moines, IA |
CHICAGO, IL – HFF announced today that it has arranged an 80
percent loan-to-value refinance of the E300 Apartments, a 79-unit, Class
A multi-housing community with ground floor retail located in downtown Des
Moines, Iowa.
HFF
worked exclusively on behalf of the borrower, Nelson Development 15, LLC to
secure the 10-year, fixed-rate loan through Freddie Mac (Federal Home Loan
Mortgage Corporation). HFF will service
the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program.
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| Trent Niederberger |
E300
is located at 300 East Grand Avenue in the East Village area of downtown Des
Moines. Completed in 2008, the
five-story property has studio, one-, two- and three-bedroom units and is 99
percent leased. Zombie Burger and Bloom
Salon occupy the 11,000 square feet of retail space. Property amenities include a rooftop fitness center and patio as
well as a resident lounge.
The borrower was represented by Trent Niederberger of
HFF and Ryan Barton of Evergreen Capital Group, an Iowa-based investment
banking firm specializing in tax credits and debt placement.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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