MIAMI, FL – HFF announced today that it has arranged $12.8 million in acquisition financing for Marbrisa Apartments, a 224-unit, multi-housing community in Tampa, Florida.
HFF worked exclusively on behalf of the borrower, Blue Rock Partners, LLC, to secure the seven-year, fixed-rate loan through Freddie Mac. HFF will service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program. Loan proceeds were used to acquire the property.
Marbrisa Apartments is located at 4949 Marbrisa Drive close to Gunn Highway in northwestern Tampa. The property has one- and two-bedroom floor plans and is 98.6 percent leased. Community amenities include a swimming pool, nature walk, playground and barbeque and picnic areas.
The HFF team representing Blue Rock Partners, LLC was led by director Elliott Throne.
“Freddie Mac offered the most aggressive terms that enabled Blue Rock to finance their acquisition of Marbrisa and enjoy a very low, fixed interest rate over the next several years,” said Throne.
Blue Rock Partners, LLC, a Florida-based real estate company, purchased Marbrisa Apartments in cooperation with Deerfield Beach-based Konover South LLC and Florida Value Partners.
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 19 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