IRVINE, CA – HFF announced today that it has secured a $42 million financing for the fourth phase of Homecoming at Terra Vista (top left photo), an 868-unit multi-housing community within the master planned community of Terra Vista in Rancho Cucamonga, California.
Working exclusively on behalf of Lewis Operating Corp., HFF placed the nine-year, fixed-rate loan with Prudential Mortgage Capital Company.
The property was previously unencumbered with debt. HFF also arranged prior financing for Phases I, II and III of the property through Freddie Mac. This is the third transaction HFF has arranged for Lewis Operating Corp with Prudential in 2011.
Completed in 2010, the fourth phase of Homecoming at Terra Vista consists of 241 units that are 95.8 percent leased. The first phase of the property began construction in 2005.
The HFF team representing Lewis Operating Corp. was led by Don Curtis (middle right photo) and Charles Halladay (lower left photo)
.Lewis Operating Corp. is a member of the Lewis Group of Companies. Founded in 1955, the Upland, California-based Lewis Group of Companies is one of the nation’s largest privately-held real estate organizations engaged in the acquisition, ownership, development and management of residential and commercial real estate throughout California and Nevada.
The Lewis Group of Companies has developed more than 65,000 single family homes and apartments and more than 14 million square feet of retail, office and industrial space.
For more information about Lewis Operating Corp. and the Lewis Group of Companies visit http://www.lewisop.com/.
Contacts:
DONALD J. CURTIS KRISTEN M. MURPHY
HFF Senior Managing Director HFF Associate Director, Marketing
(949) 253-8800 (713) 852-3500
