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| Riviera Condominiums, Walnut Creek, CA |
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| Jordan Angel |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $23 million in
financing for the development of the Riviera
Condominiums, a 48-unit, Class A development adjacent to the Bay Area Rapid
Transit (BART) station in Walnut Creek, California.
HFF worked on behalf of
the borrower, a joint venture led by The ADDRESS Company, to secure the
floating-rate construction loan through a regional bank.
Riviera Condominiums is
being constructed on a 0.52-acre site at 1605 Riviera Avenue immediately north
of the BART system’s Walnut Creek station.
The transit-oriented community is also walking distance to downtown
Walnut Creek’s retail and entertainment amenities, and is just east of
Interstate 680.
With construction
underway, the property will have 48 flat- and loft-style for-sale units upon
completion. Community amenities will
include a rooftop common area, urban courtyard, outdoor grilling area, clubroom
and a gated two-level parking garage with 82 spaces.
HFF’s debt placement team
was led by directors Jordan Angel
and Bryan Clark and analyst Zachary Kersten.
“When complete, the
Riviera Condominiums will represent the best units available in the Walnut
Creek market with immediate access to transit and all that the area has to
offer,” Angel said
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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