The eight-property, 2,306-unit portfolio includes properties inIndiana, Kentucky, Tennessee and Virginia. The loan, which wasarranged by HFF director Matthew Schoenfeldt, is a 10-year, 5.4%fixed-rate loan.
"In addition to the exceedingly attractive loan terms deliveredto our borrowers, this closing was monumental as it represented thevery first crossed-pool funding for Freddie Mac's CME program,"Schoenfeldt says. "The planned enhancements will reinforce the NTSportfolio's status as the preeminent rental communities in theirrespective markets."
The portfolio includes, the 464-unit Park Place Apartments inLexington, KY; the 310-unit Willows of Plainview in Louisville, KY;and The Grove Whitworth Apartments in Nashville.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
