Thursday, August 20, 2015

HFF arranges $45 million financing for Class A multi-housing community in suburban Dallas, TX


Amalfi Stonebriar Apartments, 5725 Town and Country Boulevard, Frisco, TX

 
John Brownlee
 DALLAS, TX – Aug. 20, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $45 million in financing for Amalfi Stonebriar, a 395-unit, Class A multi-housing community in Frisco, Texas.

Working on behalf of the borrower, Pure Multi-Family REIT LP, HFF placed the 12-year, fixed-rate loan with TIAA-CREF.  Loan proceeds were used to acquire the property.

Amalfi Stonebriar is located at 5725 Town & Country Boulevard in the north Dallas suburb of Frisco across from the future headquarters of Toyota and FedEx, as well as the new Liberty Mutual office campus.

 Proximate to both the Sam Rayburn Tollway and the Dallas North Tollway, the property is near area amenities such as the Stonebriar Country Club and the Shops at Legacy.

 Completed in 2014, the property has units ranging from 603 to 1,689 square feet each with an overall mix of 69 percent one-bedroom and 31 percent two-bedroom units.  Community features include a swimming pool with sun deck, 24-hour fitness center, grilling areas, resort-style community courtyard and business center.  The asset is 94 percent occupied.

The HFF debt placement team representing the borrower was led by senior managing director John Brownlee and associate director Michael Cosby.

 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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