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| Adam F. Herrin |
DALLAS, TX – HFF announced it has arranged financing
totaling $46.7 million for two multi-housing properties – The Bluffs at
Ironhorse, a two-phase, 490-unit multi-housing community in North Richland
Hills, and Stone Villas, a two-phase, 396-unit multi-housing community
in northwest Fort Worth.
HFF
worked exclusively on behalf of the borrower, Oxford Enterprises, Inc., to
secure financing for the properties in two separate transactions.
The
HFF debt placement team was led by director Adam Herrin.
The Bluffs at Ironhorse was financed with a $34.7 million,
10-year, fixed-rate Fannie Mae loan through M&T Realty Capital
Corporation. The $12 million balance
sheet loan for Stone Villas was placed with M&T Bank.
The
Bluffs at Ironhorse is located in North Richland Hills near the intersection of
Rufe Snow Drive and Northeast Loop 820, approximately 20 minutes northeast of
downtown Fort Worth. Completed in two
phases between 2002 and 2013, the property includes one-, two- and
three-bedroom units that are a combined 96 percent leased.
For a complete
copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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