HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for French Place Apartments, an 84-unit, garden-style apartment community in San Antonio, Texas.
HFF worked on behalf of the borrower, Venterra Realty (Venterra), to secure the seven-year, fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
French Place Apartments is located at 109 West French Place in San Antonio’s Monte Vista neighborhood just north of downtown and just west of Brackenridge Park. The property is proximate to some of San Antonio’s top attractions, including The Alamo, Riverwalk, The Pearl Brewery mixed-use development, Northstar Mall and local schools, including Trinity University, University of Texas at San Antonio’s Downtown Campus and San Antonio College. The property’s units feature one- and two-bedroom floor plans with fully-equipped kitchens, walk-in closets and patios/balconies. Common area amenities include a swimming pool, barbeque grills, courtyards, laundry facility and covered parking. The property was 97 percent leased at the time of closing.
The HFF debt placement team representing Venterra was led by managing director Cortney Cole.
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.