Done Deals: HFF announces $30 million acquisition financing for 328-unit apartment community in Lexington Park, MD

Thursday, October 4, 2018

HFF announces $30 million acquisition financing for 328-unit apartment community in Lexington Park, MD

Nicole Brickhouse

WASHINGTON, DC –– Holliday Fenoglio Fowler, L.P. (HFF) announces $30.128 million in acquisition financing for Greens at Hilton Run, a 328-unit, garden-style apartment community in Lexington Park, Maryland.

The HFF team worked on behalf of the borrower, Charger Ventures LLC, to secure the 10-year, fixed-rate 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.

Originally completed in 1988 and 1992, Greens at Hilton Run comprises one-, two- and three-bedroom units averaging 927 square feet each. The community is located at 46860 Hilton Drive in St. Mary’s County near the Chesapeake Bay waterfront and the mouth of the Patuxent River.

Jamie Leachman

Charger Ventures plans to continue the previous owner’s interior unit renovation program as well as upgrades to the clubhouse and amenities.

The HFF debt placement team representing the borrower included Jamie Leachman and Nicole Brickhouse.

Charger Ventures LLC is based in the Washington, D.C. metropolitan area. The company, founded in 2018, is a best-in-class, multi-family investment management platform that employs various tactical strategies to deliver attractive risk-adjusted returns.

The firm’s charter is to acquire and manage investments in existing, multi-family communities in the Mid-Atlantic and Northeast.