News


HFF secures financing for future multifamily development

September 14th, 2015



The iconic The Village Apartments, originally developed in the 1960’s secured an undisclosed amount of financing¬† for future development and to retire an existing Freddie Mac loan facility.

The Village is a 309-acre development, housing approximately 7,000 units located at the intersection of Greenville and Caruth Haven. Ownership has continued to add new multi-tenant communities and common area amenities over the years to the “city within a city.”

The financing was secured by HFF for the Joint Venture of Lincoln Property Company, Invesco acting on the behalf of an institutional client, and Crow Holdings. The financing involves a single sponsor secularization and a floating-rate credit facility. The funding was provided by Freddie Mac and secured by HFF.

 

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