$100M Financing Arranged For Four-Property Multi-Housing Portfolio

The Chicago and Boston offices of Holliday Fenoglio Fowler LP (HFF) have secured $100 million in financing for a four-property, multi-housing portfolio in Massachusetts, Minnesota and Missouri.

Working exclusively on behalf of RREEF, HFF senior managing directors Mike Kavanau and Fred Wittmann placed the four loans with Freddie Mac. Three of the loans are part of the Freddie Mac CME program, and one is part of the Freddie Mac Capped ARM program.

The portfolio totals 1,617 units and has an average occupancy of 95%.

HFF secured a $31.05 million, 10-year, fixed-rate loan for Jefferson at Dedham Station, a 300-unit property in Dedham, Mass.; a $23.7 million, 10-year, fixed-rate loan for the 435-unit Gates of Carlson Center property in Minnetonka, Minn.; a $27.48 million, seven-year, fixed-rate loan on the 396-unit Fountain View on the Plaza property in Kansas City, Mo.; and a $17.7 million, seven-year, floating-rate loan for Villages of Bogey Hills, a 486-unit property in Saint Charles, Mo.

SOURCE: Holliday Fenoglio Fowler


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