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DALLAS, TX – January 15, 2015 - HFF announced today that it has arranged $13.5 million in combined financing proceeds for three garden-style apartment buildings totaling 460 units in Texas and Georgia. HFF worked exclusively on behalf of Republic Real Estate Fund II to place three separate 10-year, fixed-rate CMBS loans with a leading global investment bank. The non-recourse loans included the 172-unit Royal Lane Apartments (Dallas, Texas), 160-unit Brookhollow Apartments (DeSoto, Texas) and 128-unit Arbors Apartments (Macon, Georgia). Republic Funds’ rapid stabilization and significant improvements to these assets enabled HFF to arrange strong loan terms and 30-year amortizations. HFF’s debt placement team was led by associate director De’On Collins and real estate analyst Stephanie Dona. Republic Funds is an investment firm that acquires and repositions value-add multifamily and office properties in partnership with its investors. Republic Real Estate Fund II owns more than 1.5 million square feet and 1,500 apartment units in Texas, Georgia, and Arizona. For more information, please visit www.republicfunds.com. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on Twitter @HFF. News Source : HFF arranges $13.5 million financing for Republic Funds
15 Jan 2015
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