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| Sarah Anderson |
DALLAS, TX –– Holliday Fenoglio
Fowler, L.P. (HFF) announced it has secured $41.547 million in financing for a
three-property seniors housing portfolio in Sacramento, California.
HFF worked on behalf of
Harbert Seniors Housing Fund I, LP, an affiliate of Harbert Management
Corporation, to secure the seven-year, floating-rate acquisition loan through
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.
The properties in the
portfolio are: Chateau on Capitol Avenue, Chateau at River’s Edge and River’s
Edge. Chateau on Capitol Avenue is
located at 2701 Capitol Avenue less than two miles east of downtown Sacramento.
The property has 56
assisted living units totaling 60,268 rentable square feet. Chateau at River’s Edge and River’s Edge are
adjacent properties located at 601 and 641 Feature Drive, approximately 3.9
miles east of Chateau on Capitol Avenue.
Chateau at River’s Edge
has 97 assisted living and 10 memory care units while River’s Edge encompasses
94 independent living units totaling 55,576 rentable square feet. The properties are 95 percent leased overall.
The HFF seniors housing
team representing the borrower was led by senior managing directors Ryan Maconachy and Chad Lavender and associate director Sarah Anderson.
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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