$100M Financing Arranged for 4-Property MF Portfolio

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

Working 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
Jefferson at Dedham Station (pictured)
1000 Presidents Way
Dedham, MA
300 Units
95% Leased
$31.05 Million Loan
Fixed-rate
10 Years

The Gates of Carlson Center
300 Carlson Parkway
Minnetonka, MN
435 Units
92% Leased
$23.7 Million
Fixed-rate
10 Years

Fountain View on the Plaza
4800 Oak Street
Kansas City, MO
396 Units
96% Leased
$27.48 Million
Fixed-rate
7 Years

Villages of Bogey Hills
2200 Lake Court
Saint Charles, MO
486 Units
95% Leased
$17.7 Million
Floating-rate
7 Years