The 97%-leased complexes, which share the same address at 1800Links Blvd., were completed in 2007. Scott Rogerson, LindseyManagement's CFO, tells GlobeSt.com that the construction debtwasn't coming due soon. "We were just looking for a permanentloan," he says. Rogerson says the 10-year loan, secured with afixed-rate interest hovering 6%, went through fairly smoothly.

However, Holliday Fenoglio Fowler LP's director Brian G. Carltonacknowledges there were a few anxious moments during the process."We had rate locked and were into due diligence when Freddie wentinto conservatorship," he says, adding the funding came through anew Freddie Mac program. Carlton, who is with HFF's Dallas office,says he'd taken put the deal before other lenders, but "they wereunable to compete on leverage and pricing."

The Links at Tuscaloosa and Greens at Tuscaloosa are adjacent toan 18-hole championship golf course and clubhouse. The complexeshave one- and two-bedroom units ranging from 544 square feet to1,093 square feet. Monthly rents are $535 to $795.