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| Steeplechase at Adam’s Farm, 1338 Adams Farm Parkway, Greensboro, NC |
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| Thomas Didio |
FLORHAM PARK, NJ, July 8,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
financing totaling $49.801 million for a three-property apartment portfolio
totaling 811 units in Greensboro and High Pointe, North Carolina.
HFF worked on behalf of
the borrower, Hudson Capital Properties, to place three separate 10-year,
fixed-rate loans with Freddie Mac’s (Federal Home Loan Mortgage Corporation)
CME Program.
The securitized loans will
be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer
program.
The properties included in
the portfolio are Steeplechase at Adam’s Farm located at 1338 Adams Farm
Parkway in Greensboro; Park Forest located at 3214 Brassfield Road in
Greensboro; and Deep River Pointe located at 3971 River Pointe Place in High
Pointe.
The garden-style
communities have a variety of floor plans ranging from one- to three-bedroom
units. Community amenities vary for each
property but include features such as swimming pools with sundecks, 24-hour
fitness centers, business centers, tennis courts and walking trails. The portfolio is 96 percent leased.
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| Frank Tuttle III |
The HFF debt placement
team was led by senior managing director Thomas
Didio and director Luke Vanderpoel.
“Hudson Capital Properties
is excited about bringing these three properties into its growing portfolio,”
Hudson Capital Properties president Frank Huttle III said.
“We have been an owner of multifamily
properties in North Carolina and are delighted to expand our footprint to
Greensboro. Many thanks to HFF for their
help in making this transaction a reality.”
“We are pleased to have
secured favorable debt for the Hudson Capital Properties’ acquisition of three
quality apartment assets in the Greensboro and High Pointe, North Carolina
markets,” continued Didio. “Our Freddie
Mac team did a great job securing the interest rate prior to closing the
purchase.”
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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