WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announces $30.128 million in acquisition financing for Greens at Hilton Run, a 328-unit, garden-style apartment community in Lexington Park, Maryland.
The HFF team worked on behalf of the borrower, Charger Ventures LLC, to secure the 10-year, fixed-rate loan through Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
Originally completed in 1988 and 1992, Greens at Hilton Run comprises one-, two- and three-bedroom units averaging 927 square feet each. The community is located at 46860 Hilton Drive in St. Mary’s County near the Chesapeake Bay waterfront and the mouth of the Patuxent River. Charger Ventures plans to continue the previous owner’s interior unit renovation program as well as upgrades to the clubhouse and amenities.
The HFF debt placement team representing the borrower included Jamie Leachman and Nicole Brickhouse.
About Charger Ventures LLC: Charger Ventures LLC is based in the Washington, D.C. metropolitan area. The company, founded in 2018, is a best-in-class, multi-family investment management platform that employs various tactical strategies to deliver attractive risk-adjusted returns. The firm’s charter is to acquire and manage investments in existing, multi-family communities in the Mid-Atlantic and Northeast. Learn more at chargerventures.com.
About HFF: HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.