DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for Overlook Ranch, a 318-unit multi-housing community in Fort Worth, Texas.
HFF worked on behalf of the borrower, CAF Capital Partners, to secure the five-year, floating-rate loan through Prime Finance. Loan proceeds were used to acquire the property, which recently reached stabilization.
Overlook Ranch is located at 3101 Alliance Gateway Freeway in north Fort Worth just off Interstate 35 in the 18,000-acre AllianceTexas master-planned, mixed-use community. Completed in 2015, the property has 270,916 rentable square feet with individual units ranging from 650 to 1,250 square feet each. Community amenities include a swimming pool, fitness center, playground, grilling area, car wash center, clubhouse, lounge, business center and breakfast/coffee concierge.
The HFF debt placement team representing the borrower was led by senior managing director John Rose and associate director Michael Cosby.
About CAF Capital Partners: CAF Capital Partners is a Dallas-based, vertically integrated, private equity real estate firm specializing in the acquisition, redevelopment and repositioning of institutional-quality multifamily real estate. The firm currently owns and operates properties in Dallas/Fort Worth and Houston with plans to expand into other major MSAs in the southeast and southwest United States.
About Prime Finance: Prime Finance is a private commercial real estate finance company with discretionary capital, which directly originates mortgage, mezzanine and preferred equity financing and also acquires performing, sub-performing and distressed debt. Prime offers a variety of non-recourse loans above $10 million on office, retail, hotel, industrial, multifamily, mobile home, self-storage and mixed-use properties in all markets around the United States. The firm’s loan and investment origination teams are located in New York, Chicago and San Francisco.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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.