HFF announces financing for 137-unit apartment community in Houston, TX

4 eighty West Parker Apartments, Houston, TX

HOUSTON, TX – – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for 4 eighty West Parker, a 137-unit apartment community in Houston, Texas.

Cortney Cole

The HFF team worked on behalf of the borrower, TriArc Properties, to secure a five-year, fixed-rate loan with two years of interest-only payments. Rhonda J. Sands, Senior Vice President/Commercial Real Estate of Green Bank, facilitated the loan. Loan proceeds refinanced existing debt on the property.

Rhonda J. Sands

4 Eighty West Parker is located just west of Interstate 45 and 3.5 miles north of Loop 610 in the Northline submarket of Houston. 

The property is situated on approximately 5.6 acres and consists of 12 two-story residential buildings comprising units averaging 906 square feet. 

Sterling Curry

Renovated this year, units feature washer and dryer connections, hardwood-style flooring, and private balconies or patios.  Common area amenities include a swimming pool, picnic area, playground, clubhouse and business center.  4 eighty West Parker is 93.7 percent occupied.

HFF’s debt placement team representing the borrower included managing director Cortney Cole and analyst Sterling Curry.

CONTACTS:

CORTNEY COLE

HFF Managing Director

(713) 852-3500

ccole@hfflp.com

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

ohennessey@hfflp.com