a $32 million loan to help buy
Bear Creek in Euless, TX.
EULESS, TX-A Vancouver investor, with help from the Dallas office of HFF, obtained financing totaling $32 million to acquire the 436-unit Stoneleigh at Bear Creek. Pure Multi-Family REIT LP paid a total of $49.3 million for the multifamily property, which it bought from Internacional Realty of San Antonio.
According to a press release issued from HFF, senior managing director John Brownlee led the team that secured the seven-year, fixed-rate loan with the Federal Home Loan Mortgage Corp. (Freddie Mac). HFF will also service the securitized loan through its Freddie Mac Program Plus