AUSTIN--HFF recently arranged financing for Avendaro at Canyon Creek, a 296-unit class A complex in northwest Austin.

HFF worked on behalf of the borrower, Denver-based Griffis Residential, to secure the nine-year, 3.56 percent, fixed-rate loan through a correspondent life insurance company. Loan proceeds were used to acquire the property, and HFF will service the loan.

Avendaro at Canyon Creek is situated on 23-plus acres at 9807 Ranch Road 620 North, along State Highway 620. The property is approximately 17 miles north of downtown Austin, near State Highway 45 and Interstate 35. The 13 two- and three-story buildings are composed of 132 one-, 140 two- and 24 three-bedroom units averaging 965 square feet. Community amenities include a clubroom with full kitchen and catering area, media room with theatre seating, DVD and gaming library, business center, 24-hour fitness center, resort-style swimming pool with spa, outdoor media lounge with fireplace, children's play area, sand volleyball court and dog park.

Senior managing director Eric Tupler, managing director Josh Simon, associate director Casey Wenzel and real estate analysts Leon McBroom and Bryan Harvey led the HFF debt placement team.

In December, Griffis acquired The Orchard Apartments in Round Rock in a $55.5 million deal.