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| Signature Club Apartments Ann Arbor, MI |
CHICAGO, IL – HFF announced today that it has arranged $5.3
million in supplemental financing for Signature Club Apartments, a
324-unit multi-housing community in Ann Arbor, Michigan.
HFF worked on behalf of Marquette Companies to secure the
five-year, 3.97 percent financing through Freddie Mac’s (Federal Home Loan
Mortgage Corporation) CME Program.
The securitized loan will be serviced by HFF through its
Freddie Mac Program Plus® Seller/Servicer program. The loan will supplement the first mortgage HFF arranged in
2011.
Signature Club Apartments is located at 3000 Signature
Boulevard near Interstate 94 to the south of downtown Ann Arbor.
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| Matthew Schoenfeldt |
The property has one- and two-bedroom units averaging 1,048
square feet each and is 97.5 percent leased.
Community amenities include a 24-hour fitness center, dry sauna, indoor
hot tub, outdoor swimming pool, tennis court, sand volleyball court, barbecue
and picnic area, business center, library and clubhouse.
The HFF team representing the borrower was led by managing
director Matthew Schoenfeldt and senior real estate analyst Jason
Bond.
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 | www.hfflp.com
It would be interesting to know how this would affect tenants. Thanks.
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