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| Cortney Cole |
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
4.48 percent. Loan proceeds were used to refinance existing debt.
Villa Lago is
located at 8201 Boat Club Road less than six miles north of Interstate 820 in
the northwest Fort Worth submarket of Tarrant County.
Completed in 2008, the property sits on an 11.5-acre site
consisting of 10 two- and three-story residential buildings comprising units
averaging 912 square feet.
 |
| Steve Heldenfels |
Units feature walk-in closets,
hardwood-style flooring, oversized garden tubs, in-unit washers and dryers, and
patios or balconies.
Community amenities include a swimming pool, outdoor
grilling areas, fitness center, business center, two bark parks, covered
parking/detached garages and views of nearby Eagle Mountain Lake.
The HFF debt
placement team representing Venterra included managing directors Cortney
Cole and Steve Heldenfels.
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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