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