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| Elliott Throne |
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF)
announces $22.896 million in financing for River Vista, a 196-unit,
garden-style apartment community in the North Atlanta community of Sandy
Springs, Georgia.
HFF worked on behalf of Stonebridge Investments to secure a seven-year, fixed-rate loan with five years of
interest-only payments through Freddie Mac’s Green Advantage
program. The loan will be serviced by HFF, a Freddie Mac
Optigo℠ lender for Conventional Loans.
River Vista is located at 9200 Roberts Drive just a few miles north of
the I-285/GA-400 interchange, which provides access to the Central Perimeter
office market and downtown Atlanta.
Originally
constructed in 1996, the property features a mix of one-, two- and
three-bedroom floor plans that were more than 96% occupied at closing.
Community amenities
include a swimming pool with sundeck, outdoor kitchen with grills, outdoor
social area with TV, playground, clubhouse lounge with demonstration kitchen
and 24-hour fitness center.
The HFF debt placement team representing the borrower included managing
director Elliott Throne and director Ware Shipman.
CONTACTS:
ELLIOTT THRONE
HFF Managing Director
(305) 421-6549
WARE SHIPMAN
HFF Director
(404) 942-2219
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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