HOUSTON, TX - Holliday Fenoglio Fowler, L.P. (HFF) announces financing for West 46th Apartments, a 171-unit, podium-style apartment community in Nashville’s Sylvan Park neighborhood.
The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the 10-year, fixed-rate loan with interest-only payments throughout the entire term. Loan proceeds were used to acquire the property.
West 46th Apartments is located at 4510 Charlotte Avenue just south of Interstate 40. The centrally located property is walking distance to iconic Sylvan Park bars and eateries just west of downtown. Completed in 2016, units feature boutique studio, one- and two-bedroom floor plans with nine-foot ceilings, plank flooring, designer lighting packages, granite countertops, in-unit washers and dryers and private balconies. Common area features include a bike share program, 24-hour fitness room, two community courtyards with grills and pet-friendly spaces, two lounges with flat screen TVs for social gatherings, and access to nearby parks and running trails.
The HFF debt placement team representing Venterra included managing directors Cortney Cole and 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 15,000 multifamily units totaling more than $1.6 billion in value. The organization has completed in excess of $4 billion of real estate transactions. Venterra is headquartered in Toronto and Houston; and employs more than 550 people.
About HFF: HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.