HARTFORD-Cornerstone Real Estate Advisors is refinancing twoclass A multifamily properties for $109 million. The financing,arranged by Holliday Fenoglio Fowler, L.P., will cover PacificPlace Apartments in Los Angeles and Glenview House Apartments inStamford, CT.

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The Pacific Place Apartments will receive a five-year,fixed-rate loan which will cover an existing construction loan forthe property through MetLife Real Estate Investment, while GlenviewHouse will earn a floating-rate loan, also for existingconstruction, through Freddie Mac’s capped adjustable-rate mortgageprogram. HFF senior managing director Dana Brome, director TinaDerderian and senior real estate analyst Carlos Febres-Mazzeisecured loans for both multifamily communities.

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Pacific Place is located by Los Angeles Airport at 5211 PacificConcourse Dr. and is 96% leased. It consists of two four-storybuildings containing 430 units, comprised of studio, single-, two-and three-bedroom apartments. The Stamford property sits at 25Glenbrook Rd. and is a four-story complex with 146 units. The99%-occupied property also contains 14,820 square feet ofground-floor retail space.

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