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| WillowBrooke Apartments, 1100 Oakbridge Parkway, Lakeland, FL |
MIAMI, FL – HFF announced today that it has arranged a $13
million refinancing for WillowBrooke Apartments, a 300-unit,
garden-style multi-housing community in Lakeland, Florida.
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| Todd Adams |
HFF worked exclusively on behalf of the owner to secure the
10-year, 4.31 percent, fixed-rate loan 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.
WillowBrooke Apartment Homes is located at 1100 Oakbridge
Parkway across from the 650,000-square-foot open-air mall, Lakeside
Village, and is adjacent to a Target and Publix-anchored shopping center.
The property is 98
percent leased and includes one-, two- and three-bedroom units averaging 980
square feet each. Community amenities
include a 24-hour fitness center, tennis courts, basketball court, swimming
pool and walking/biking trail.
The debt placement team representing the borrower was led by
director Elliott Throne and associate director Todd Adams from HFF’s
Miami office along with local market support from director Matt Mitchell
in HFF’s Tampa office.
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| Matt Mitchell |
Cherishome Living (formerly McArthur Properties) has a 35-year
track record of accomplishment that includes multi-housing acquisition,
renovation and management and additional commercial real estate
experience. The company’s current
portfolio of multi-housing assets includes more than 4,000 units in Florida and
Toronto, Canada.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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