HFF Arranges $14.85M FHA Loan For Village View

IRVINE, CA – HFF announced today that it has arranged a $14.85 million refinancing for Village View, a 114-unit garden-style multi-housing community in Oceanside, California.

HFF worked on behalf of the borrower to secure the 35-year, fixed-rate loan through M&T Realty Capital Corporation.  The borrower took advantage of the low interest rate environment and locked in a rate of 3.95 percent.  The loan is an FHA 223(f) refinance of an existing bridge loan through M&T Realty Capital Corporation that HFF arranged at the time of the acquisition in 2010. 

Village View is located at 3634 College Boulevard about four miles from the coast in Oceanside.  The property has 138,860 square feet in 10 two- and three-story apartment buildings and a single-story management office/fitness center.  The property is currently 95 percent occupied.

The HFF team representing the borrower was led by Mark Erland and Charles Halladay, based in HFF’s Orange County office.

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