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| Nicole Brickhouse |
WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF)
announces the $18.754 million acquisition financing for Meadow View Townhomes,
a 400-unit, garden-style apartment community in Newport News, Virginia.
HFF worked on behalf of the borrower, Brick Lane and Red
Starr Investments, to secure the 10-year, fixed-rate acquisition loan through
Freddie Mac’s CME Program. The
securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved
Seller/Servicer for Conventional Loans.
Meadow View Townhomes is a 77-building property comprising a
variety of one, two-, three- and four-bedroom units totaling 345,660 square
feet.
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| Jamie Leachman |
Additional
commercial projects in the surrounding area such as downtown Norfolk’s
Waterside District and the Norfolk Premium Outlets are also underway and will
enhance the community’s accessibility.
On-site amenities include two laundry facilities in addition
to in-unit washer and dryer hookups in each unit, a clubhouse, playground and
on-site parking.
The HFF debt placement team representing the borrower
included Jamie Leachman and Nicole Brickhouse.
“We are thrilled to have the opportunity to assist Brick
Lane and Red Starr in capitalizing their strategic acquisition of Meadow View
Townhomes,” Leachman said. “This is
Brick Lane’s fourth acquisition – and its first with Red Starr – in the Tide
Water market in the last five months and this continues to build on their
platform within the market of creating value within the workforce housing
segment.”
For more information,
please contact:
Kimberly Steele
Digital Content/Public Relations Specialist
T: 713-852-3420
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