Sunday, September 30, 2018

HFF announces financing for Tampa, FL multi-housing community


 

Cortney Cole

 

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Valencia at Westchase, a 312-unit, garden-style apartment community in Tampa, Florida.

 The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.28 percent. 

Terms of the loan include interest-only payments for the first three years. Loan proceeds were used to refinance existing debt.

Preston Reid
 Valencia at Westchase consists of 13 residential buildings oriented around a large central pond.

Units are configured in a variety of one-, two- and three-bedroom floor plans totaling 305,832 rentable squarefeet with amenities, including hardwood-style flooring, in-unit washers and dryers, walk-in closets, smart home features, and patios or balconies. 
Community amenities include a swimming pool, grilling area, fitness center, business center, playground and bark park. 

Valencia at Westchase is located at 8802 Brennan Circle approximately 6.5 miles northwest of Tampa International Airport and 11 miles from the Tampa CBD.  The property is 95 percent occupied.

 The HFF debt placement team representing Venterra included managing director Cortney Cole, director Preston Reid and analyst Sterling Curry.

Sterling Curry
 Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. 

 Venterra currently manages a portfolio of approximately 15,000 multifamily units totaling more than $1.6 billion in value. The organization has completed in excess of $4 billion of real estate transactions.

Venterra is headquartered in Toronto and Houston; and employs more than 550 people.




CONTACTS:

CORTNEY COLE
HFF Managing Director
(713) 852-3500

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500


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