HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing for Balmoral Village, a 312-unit, garden-style multi-housing community in the Atlanta suburb of Peachtree City.
Working on behalf of the borrower, Venterra Realty, HFF placed the five-year acquisition loan with a life company lender. The loan has a fixed-rate of 3.33 percent with three years of interest only payments.
Balmoral Village is located at 450 South Peacthree Parkway approximately three miles from State Route 54 and 35 miles southwest of Atlanta’s central business district. The property is 97 percent leased and has one-, two- and three-bedroom townhomes and apartments ranging from 662 to 1,450 square feet. Community amenities include two resort-style swimming pools, sundeck with barbecue grills, two tennis courts, state-of-the-art fitness center, clubhouse, bark park, car care center and playground. In addition, the property is about 1.5 miles from the Planterra Ridge Golf Club and is connected by one of Peachtree City’s more than 90 miles of multi-use paths for pedestrians, cyclists and golf carts.
The HFF debt placement team representing the borrower was led by directors Cortney Cole and Chip Sykes.
About 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 $2.6 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 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.