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| Robert Wooten |
AUSTIN, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it
has arranged financing for Vineyard
Hills Apartments, a 202-unit, garden-style multi-housing community in
Austin, Texas.
HFF worked on behalf of the borrower to secure the 10-year,
3.58 percent fixed-rate loan through a life insurance company lender.
Proceeds were used to refinance existing debt
on the property. The loan was structured
as a forward loan with the rate locked five months prior to closing.
Vineyard Hills Apartments is located at 7631 U.S. Highway
290 West near State Highway 71 in the Oak Hill area of southwest Austin.
Completed in 2000, the property has one-,
two- and three-bedroom floor plans ranging between 640 to 1,315 square feet
each. Community amenities include a
swimming pool, heated spa, clubroom and business center. The property is 96 percent leased.
The HFF debt placement team representing the borrower was
led by director Robert Wooten.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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