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| Autumn Creek Apartments, Chandler, AZ |
DENVER, CO, May 21,
2018 – HFF announces $33.5 million in
financing for Autumn Creek Apartments, a 360-unit, multi-housing
community in the Phoenix suburb of Chandler, Arizona.
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| Josh Simon |
The HFF team worked
on behalf of Western Wealth Capital, which acquired the property on behalf of
the borrower, an MDC Realty Advisors USA, Inc.-managed fund, to secure the
five-year, floating-rate loan through an international bank.
The loan was used to
acquire the property and includes a future-funding component to assist the
borrower with their capital expenditure program.
This transaction
follows the recent announcement of financing HFF arranged on behalf of the
partnership with the same lender for Greentree Place, a 256-unit apartment
community less than 2.5 miles south of Autumn Creek Apartments.
Autumn Creek
Apartments is located at 1320 N. McQueen Road approximately one mile east of N.
Arizona Avenue and 23.5 miles southeast of the Phoenix CBD.
In addition, the property offers nearby
access to a variety of major shopping, dining and entertainment amenities such
as Downtown Chandler, Tumbleweed Park and San Marcos Golf Course.
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| Brad Miner |
The HFF team
representing the borrower included managing director Josh Simon and
senior director Brad Miner.
Holliday GP Corp. ("HFF") is a
commercial mortgage broker licensed with the Arizona Department of Financial
Institutions, License Number CMB 0935500 and NMLS Number 1524298.
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
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