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| Kristian Lichtenfels |
HFF worked exclusively on behalf
of Vazza Real Estate Group (Vazza) to secure the five-year, fixed-rate loan
through a national CMBS lender.
The loan provided two years of interest-only,
followed by a 30-year amortization schedule. Vazza plans to invest
additional capital into exterior and interior unit upgrades.
Maplewood Apartments is located in
the West Buechel neighborhood, approximately 12 miles southeast of downtown
Louisville and eight miles east of the Louisville International
Airport.
The property is located just a few minutes
from major retail centers, employment hubs and highway arteries for ease of
access. Units include a mix of one-, two- and three-bedroom floor plans
within varying building configurations, inclusive of 44 townhomes. The property
is spread across approximately 13 acres.
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| Stephen F. Vazza |
“This deal checked a lot of boxes
for us,” said Stephen F. Vazza, president of Vazza Real Estate Group.
“In addition to having great highway access, the property is less than two
miles from 2.4 million square feet of retail anchored by Walmart Supercenter
and within three miles of major employers, including UPS, Fort Knox, Ford Motor
Company, Humana, Norton Kindred and Yum Brands.”
About Vazza Real Estate Group
Founded in 1965, the
Vazza Real Estate Group is a full-service real estate company based in Boston,
Massachusetts. Vazza has developed and operated millions of square feet
of commercial real estate and thousands of residential units.
CONTACTS:
KRISITAN LICHTENFELS
HFF Senior Director
(303) 515-8000
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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