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| The Neighborhoods at Cypress Waters Apartments, 3211 Scotch Creek Road, Dallas, TX |
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| Trey Morsbach |
DALLAS, TX – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured financing for The Neighborhoods at Cypress Waters, a
608-unit, Class A apartment and townhome community in Dallas, Texas.
HFF worked on behalf of
Billingsley Company to secure the 15-year, fixed-rate loan through
TIAA-CREF. Loan proceeds were used to
replace an expiring construction loan.
Completed in September
2014, The Neighborhoods at Cypress Waters is situated within the 1,000-acre,
waterfront Cypress Waters mixed-use development with office, multi-housing and
retail in the central part of the Dallas-Fort Worth Metroplex.
The property encompasses a
mix of flat- and townhome-style units totaling 489,486 rentable square feet
with an average unit size of 805 square feet.
Located at 3211 Scotch
Creek Road, the asset is next to a 362-acre lake and has amenities such as two
resort-style swimming pools, fitness center, sand volleyball court, hike and
bike trails, children’s music park and playground, pet-friendly parks and dog
stations. The property is 95 percent
occupied.
The HFF debt placement
team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.
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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