 |
| Brock Yaffe |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged financing totaling
$20.747 million for two adjacent Colorado Springs multi-housing communities: Summer Grove and Tanglewood.
Working on behalf of the borrower,
Vukota Capital Management (VCM), HFF placed two seven-year, fixed-rate Fannie
Mae loans with M&T Realty Capital Corporation. The loans have three years interest only and
were used to acquire the properties.
Summer Grove has four
three-story buildings, which house 374 one-, two- and three-bedroom units. Tanglewood is a five-building property with
122 one- and two-bedroom units averaging 653 square feet each. The properties are situated on 12.14 acres at
3802 and 3803 Halfturn Road near the prominent Academy Boulevard and Austin
Bluffs Parkway intersection.
The HFF debt placement
team representing the buyer was led by associate director Brock Yaffe and managing director Josh Simon.
“We are pleased with HFF’s
efforts in assisting us with arranging attractive financing. The funds will allow VCM to continue
assembling a portfolio of value-add, workforce housing assets,” said VCM
President and CEO Tom Vukota.
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
No comments:
Post a Comment