HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces refinancing for Chappell Oaks, a 128-unit, garden-style apartment community in Belton, Texas.
The HFF team worked exclusively on behalf of the borrower, Chappell Hill Investment Group, Inc., to place the 10-year, fixed-rate loan with a life company lender.
Chappell Oaks features one-, two- and three-bedroom units ranging from 787 to 1,570 square feet with features, including cathedral ceilings, crown molding, in-unit washer and dryer connections, tiled walk-in showers, garden tubs and attached/detached garages with remote access. The community is located at 200 Lake Road in Belton, which is approximately midway between Austin and Waco via Interstate 35. Chappell Oaks is 99 percent leased.
The HFF debt placement team representing the borrower included managing director Cortney Cole.
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.