Sunday, September 13, 2015

HFF arranges $43.56 million financing for four Rochester, New York-area apartment communities

  
 
Gerard Sansosti
 PITTSBURGH, PA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $43.56 million in combined financing for four garden-style apartment communities totaling 732 units in the greater Rochester, New York area.

HFF worked on behalf of Morgan Management, LLC to place the financing in four separate 10-year, 4.22 percent, fixed-rate loans with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

Individual property details are listed below:

Property Name and Location    Size     Occupancy

Henrietta Highlands Apartments, 336 Units, 94%
41 High Manor Drive; Henrietta, New York

East Ridge Manor Apartments, 184 Units, 94%
2389 Ridge Road East; Irondequoit, New York

Parkway Manor Apartments, 129 Units, 96%
32 Portland Parkway; Irondequoit, New York

Dixon Manor Apartments. 83 Units, 94%
2362 Culver Road; Irondequoit, New York

The HFF debt placement team representing the borrower was led by executive managing director Gerard Sansosti.

  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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