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| Peak 4420 Apartments, 4420 East Pikes Peak Avenue, Colorado Springs, CO |
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| Brock Yaffe |
DENVER, CO – Nov, 30, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured
$6.885 million in financing for Peak 4420, a 209-unit, garden-style
multi-housing community in Colorado Springs, Colorado.
Working on behalf of POV
Investment Group, LLC, an affiliate of Radford Investment Properties, HFF
placed the seven-year loan with Freddie Mac’s (Federal Home Loan Mortgage
Corporation) CME Program.
The securitized,
floating-rate loan has two years of interest only with flexible prepayment and
will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer
program.
Peak 4420 is located at
4420 East Pikes Peak Avenue to the east of downtown Colorado Springs and near
major thoroughfares, including State Highway 24, Route 21 and Interstate 25,
providing convenient access to the area’s core employment centers.
The seven-building
property has studio, one- and two-bedroom units ranging from 520 to 750 square
feet. Community amenities include a
swimming pool, dog park and playground.
The HFF debt placement
team representing the borrower was led by associate director Brock Yaffe.
"HFF was exceptional
to work with on this refinance, which allowed our investors to recoup the vast
majority of their initial investment while providing additional capital for
continued improvements to the property.
HFF's team delivered and exceeded on our agreed terms and I look forward
to working with them on future deals," said Michael Foerster, principal for Radford Investment Properties.
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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