CHICAGO, IL – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $15.2 million in financing for Riverwind at Alafaya Trail Apartments, a 110-unit/436-bed student housing community serving the University of Central Florida in Oviedo, Florida.
Working on behalf of Riverwind at Alafaya Trail Limited Partnership, a Nevada Limited Partnership, HFF placed the 20-year, fixed-rate loan through Aegon USA Realty Advisors, LLC, a U.S.-based real estate asset manager and a member company of Aegon Asset Management, the global investment management division of the Aegon Group.
Riverwind at Alafaya Trail Apartments is situated on 8.5 acres along Alafaya Trail/State Highway 434 immediately north of the University of Central Florida, which is the nation’s second largest university providing opportunities to more than 60,000 students from all 50 states and 152 countries. Approximately 15 miles northeast of downtown Orlando, the property has been fully occupied for each of the last five years and offers two- and four-bedroom floor plans averaging 1,532 square feet. Community amenities include a resort-style swimming pool and spa; fitness center; game room with pool tables, foosball and darts; movie theatre; study lounge; and tanning beds.
The HFF debt placement team representing the borrower was led by director Trent Niederberger and associate director Brett Moss.
“HFF was honored to assist the borrower in executing their strategy of securing long-term, fixed-rate debt for an asset that has historically performed very well given its proximate location to University of Central Florida,” said Moss. “The marketing process was extremely competitive, however Aegon ultimately provided the most compelling loan terms and structure that met the client’s needs.”
About HFF: HFF 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.