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$100 Million Financing Arranged by HFF for Four-Property Multi-Housing Portfolio

CHICAGO, Nov 04, 2009 (BUSINESS WIRE) --

Companies: Freddie Mac (FRE), HFF Inc (HF)

The Chicago and Boston offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they 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 (Federal Home Loan Mortgage Corporation). 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%. Individual property details and loan amounts are listed below: 

Property                       # of Units    % Leased    Loan Amount       Loan Type        Term
Jefferson at Dedham Station    300 Units     95%         $31.05 Million    Fixed-rate       10 Years
1000 Presidents Way
Dedham, MA
The Gates of Carlson Center    435 Units     92%         $23.7 Million     Fixed-rate       10 Years
300 Carlson Parkway
Minnetonka, MN
Fountain View on the Plaza     396 Units     96%         $27.48 Million    Fixed-rate       7 Years
4800 Oak Street
Kansas City, MO
Villages of Bogey Hills        486 Units     95%         $17.7 Million     Floating-rate    7 Years
2200 Lake Court
Saint Charles, MO

HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.

SOURCE: HFF 

HFF Senior Managing Director 
MICHAEL A. KAVANAU, 312-528-3650 
mkavanau@hfflp.com 
or 
HFF Senior Managing Director 
FREDERIC E. WITTMANN, 617-338-0990 
fwittmann@hfflp.com 
or 
HFF Associate Director, Marketing 
KRISTEN M. MURPHY, 713-852-3500 
krmurphy@hfflp.com

Copyright (C) 2009 BusinessWire. All rights reserved

News Provided by COMTEX

Companies: Freddie Mac (FRE), HFF Inc (HF)


Related terms: cme, commercial, debt, finance, housing, investment, massachusetts, minnesota, missouri, nyse, Private Equity, property, real estate, sales

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