HOUSTON, TX – HFF announced today that it has arranged financing for Meyergrove Apartments, a 227-unit multi-housing community in Houston, Texas.
Working exclusively on behalf of Rockwell Management Corporation, HFF placed the 10-year, 4.37 percent, fixed-rate FNMA loan through Greystone Servicing Corporation, Inc. Loan proceeds were used to acquire the property.
Meyergrove Apartments is located at 4605 N. Braeswood directly across Loop 610 from Meyerland Plaza in southwest Houston. The 7.34-acre site is close to the Texas Medical Center, The Galleria and Greenway Plaza. The 99 percent occupied property has seven residential buildings with one-, two- and three-bedroom units. Community amenities include three swimming pools and two laundry facilities.
The HFF team representing the borrower was led by director Colby Mueck.
Houston-based Rockwell Management Corporation currently manages 20 multifamily properties with more than 5,000 units and six office buildings totaling 530,000 square feet.
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 20 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, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com.