DALLAS--HFF has arranged financing totaling$46.7 million for two multi-housing properties: The Bluffsat Ironhorse, a two-phase, 490-unit multi-housingcommunity in North Richland Hills, and StoneVillas, a two-phase, 396-unit multi-housing community innorthwest Fort Worth.

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HFF worked exclusively on behalf of the borrower, OxfordEnterprises Inc., to secure financing for the propertiesin two separate transactions. The Bluffs at Ironhorse wasfinanced with a $34.7 million, 10-year, fixed-rate Fannie Mae loanthrough M&T Realty Capital Corp. The $12million balance sheet loan for Stone Villas was placed with M&TBank.

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The Bluffs at Ironhorse is located in North Richland Hills nearthe intersection of Rufe Snow Drive and Northeast Loop 820,approximately 20 minutes northeast of downtown FortWorth. Completed in two phases between 2002 and 2013, theproperty includes one-, two- and three-bedroom units that are acombined 96 percent leased. Community amenities include a swimmingpool, heated spas, gas grills, a sand volleyball court, basketballcourt, billiards room, media room, dog park, business center and aclubhouse.

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Stone Villas is located in northwest Fort Worth along Loop820. The borrower is in the process of delivering 200 units inits Phase II addition to the property and is utilizing loanproceeds to refinance Phase I while Phase II stabilizes.

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The HFF debt placement team was led by director AdamHerrin.

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Reps for HFF were not able to return a request for moreinformation about the transaction by press time.

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