Brant Smith of Holliday Fenoglio Fowler's Houston office arranged the 10-year, fixed-rate financing on behalf of Fowler Shore & Flanagan through Salomon Smith Barney, a conduit lender.
The 191,520-square-foot, 210-unit apartment complex, at 12188 Cloudy Peek Lane, was built in 1991 and is 95 percent leased.
Holliday Fenoglio Fowler is the country's largest intermediary of capital to the commercial real estate industry. In 2000, the national mortgage banking firm's debt, structured finance and investment sales transactions totaled more than $11 billion.
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