Tuesday, October 9, 2012

HFF secures $15.97 million financing for Arlington, TX multi-housing communities



Sunset Point Apartments, Arlington, TX
DALLAS, TX – HFF announced today that it has secured $15.97 million in financing for Sunset Point and Springmist Apartment Homes, multi-housing communities totaling 408 units in Arlington, Texas.

                Working on behalf of Pure Multi-Family REIT LP (“Pure Multi”), HFF placed the 10-year, fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).  Loan proceeds were used to acquire the properties.  HFF will also service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program.


John Brownlee
Sunset Point and Springmist Apartment Homes are located at 2015 and 2004 Randy Snow Road close to Interstate 30 and the Dallas Fort Worth International Airport in Arlington.  The properties are 97 percent leased.

                The HFF team representing Pure Multi-Family REIT LP was led by senior managing director John Brownlee.

 For a complete copy of the company’s news release, please 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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