CHICAGO—HFF has been closely involved with the Fifield Companies’ K2 project in the West Loop from the beginning, and has now continued that connection by arranging $118 million in financing for its recent acquisition by the Georgetown Co. HFF secured a 10-year, fixed-rate loan through Freddie Mac’s CME program.  The company will service the loans through its Freddie Mac Program Plus® Seller/Servicer program.

Georgetown completed the $215 million acquisition of the 34-story, 496-unit apartment tower at 365 N. Halsted St. last month. Adam Flatto, chief executive officer of Georgetown, told GlobeSt.com that the New York-based firm considers the property, completed in 2013, “a long-term investment; we’re thinking in terms of decades.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.