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| Henry Manoucheri |
Los Angeles, CA – Universe
Holdings (Universe), a privately-held multifamily real estate investment firm,
has completed the strategic refinancing of seven multifamily properties
encompassing 125 units in transactions totaling $14,320,000.
HFF structured the loans on behalf of Universe
through Freddie Mac, with five-year fixed interest rates ranging from 3.2 to
3.5 percent.
“We actively manage our
portfolio, and HFF is a strategic partner in helping us maximize the value of
our owned assets,” said Henry
Manoucheri, founder and CEO of Universe Holdings.
“We have completed 38
refinancing and purchase transactions with HFF since 2012, each time
stabilizing assets for long-term hold while freeing capital to redeploy in
additional acquisitions.
"This partnership has played an integral role in
facilitating growth while providing our investors with enhanced returns.”
Charles Halladay, managing director with HFF, represented Universe Holdings in the
transactions, securing the loans on behalf of Universe through HFF’s Freddie
Mac Program Plus® Seller/Servicer Program and Sabal Financial’s Freddie Mac
Small Balance Program.
The refinanced properties
include: Chateau Whitset; Chateau Laurel; Chateau Studio Village; Chateau
Spring Gardens; Chateau Sycamore; Chateau Emeleta; and Ocean Elements at
Alamitos Beach. The portfolio of seven properties was 100 percent leased at the
time of refinance.
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
Chris Egger
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