HFF arranges refinancing totaling $26.34 million for 5 Texas multi-housing communities

De'On Collins

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a combined $26.34 million refinancing for five multi-housing communities totaling 890 units in Dallas and Austin, Texas.

HFF worked on behalf of the borrower, AmeriSouth Realty, to secure financing in five separate transactions.

 Rialto Mortgage Finance, LLC provided loans for three of the properties and Edgewood Capital Advisors provided loans for the remaining two assets.  Proceeds were used to refinance existing debt on the properties. 

Individual property details are listed below:

Property Name and Location                            Size                             Occupancy

Springdale Apartments                                      100 Units                      100.0%

1909 Higgins Street, Haltom City

Terrace View                                                     192 Units                      97.4%

417 West Tarrant Road, Grand Prairie

Park Creek Manor                                              322 Units                      99.1%

2520 Coombs Creek Drive, Dallas

Huntington Meadows                                         200 Units                      98.0%

7000 Decker Lane, Austin

Pythian Manor Apartments                                 76 Units                        100.0%

2719 East Illinois Avenue, Dallas

John Brownlee

HFF’s debt placement team was led by associate director De’On Collins and senior managing director John Brownlee.

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

ohennessey@hfflp.com