HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for Axial Buckhead and TreePark Apartments, two Class A, garden-style multi-housing properties totaling 625 units in the Atlanta and Gainesville, Georgia, metropolitan areas.
Working exclusively on behalf of the borrower, Venterra Realty (Venterra), HFF placed two fixed-rate acquisition loans with two separate lenders. The loan for Axial Buckhead has a term of seven years with four years of interest-only payments followed by a 30-year amortization with a fixed interest rate of 3.15 percent. The loan for TreePark Apartments has a term of 10 years with seven years of interest-only payments followed by a 30-year amortization with a fixed interest rate of 4.5 percent.
Axial Buckhead is located at 3432 Piedmont Road NE in Atlanta’s Buckhead neighborhood. The property is near Georgia State Route 400 and Interstates 85 and 285, offering access to the Midtown, Downtown and Perimeter submarkets of Atlanta. Axial Buckhead has one- and two-bedroom units featuring granite countertops, slate GE appliances, faux wood flooring, lofts, sun rooms and nine-foot ceilings. Community amenities include a clubhouse, swimming pool, grilling areas, fitness center and views of the Atlanta skyline.
TreePark Apartments is located at 130 TreePark Circle in the Gainesville, Georgia, suburb of Flowery Branch. The property is less than five miles east of Lake Lanier and approximately 12 miles southwest of Gainesville. TreePark Apartments offers a mix of one-, two- and three-bedroom floor plans ranging from 780 to 1,638 square feet. Units feature nine-foot ceilings with crown molding, gas fireplaces, garages, large laundry rooms and individual storage units. Common area features include a resort-style swimming pool, lighted tennis courts, park, walking paths, fitness center, car care center and playground.
The HFF debt placement team representing Venterra was led by managing director Cortney Cole and director Chip Sykes.
About Venterra Realty: Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. Venterra currently manages a portfolio of approximately 17,000 multifamily units totaling more than $1.45 billion in value that generates gross annual income in excess of $180 million. The organization has completed in excess of $4 billion of real estate transactions. Venterra has offices in both Houston and Toronto and employs more than 500 people.
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.