 |
| 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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