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| Beach Club Apartments, Long Beach, MS |
DALLAS, TX – HFF announced today that it has arranged a
$12.35 million refinancing for Beach Club Apartments, a 220-unit,
garden-style multi-housing community in Long Beach, Mississippi.
Working exclusively on behalf of the borrower, Dawn
Properties Inc., HFF secured the 10-year, fixed-rate loan through M&T
Realty Capital Corporation (FNMA).
Beach Club Apartments is situated on 10.54 acres at 2012
West 2nd Street less than half of a mile from the Gulf of Mexico in Long
Beach.
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| Travis Anderson |
The 20-building community, built
in 2008, includes 220 units averaging 1,061 square feet each. Community amenities include a fitness
center, clubhouse, swimming pool and playground.
The HFF team representing the borrower was led by managing
director Travis Anderson and senior real estate analyst Cory Fowler.
Dawn
Properties Inc. is involved primarily in the acquisition, development,
management, renovation and disposition of multi-housing properties.
Founded in 1986, the company has developed
more than $1 billion of property with locations in more than 40 markets across
13 states.
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 | www.hfflp.com
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