Monday, June 24, 2013

HFF arranges financing for Breckenridge Apartments in Rockford, IL



Breckenridge Apartments, 7367 Meander Drive, Rockford, IL

CHICAGO, IL – HFF announced today that it has arranged financing for Breckenridge Apartments, a 144-unit multi-housing community in Rockford, Illinois.

Trent Niederberger
HFF worked exclusively on behalf of the borrower, Breckenridge Apartment Homes, LLC, to secure a seven-year, fixed-rate loan through Greystone’s Fannie Mae DUS lending platform.  Proceeds were used to refinance the property.

Breckenridge Apartments is located at 7367 Meander Drive minutes away from Interstate 90 in northeast Rockford.  The property is 98 percent leased and features 144 two-bedroom, one-bath units.  Each unit includes a full-size washer and dryer and an oversized one-car garage.

HFF’s debt placement team representing the borrower was led by Trent Niederberger.

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

Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
                                                               

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