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.