AUSTIN—HFF has arranged a combined $26.34 million refinancing for five multifamily communities totaling 890 units in Austin and Dallas/Fort Worth.
HFF's Dallas office could not offer a comment on the transaction as of press time.
HFF worked on behalf of the borrower, Dallas-based AmeriSouth Realty, to secure financing in five separate transactions. Rialto Mortgage Finance LLC provided loans for three of the properties, and Edgewood Capital Advisors provided loans for the remaining two assets. Proceeds were used to refinance existing debt on the properties.
The properties are:
- Huntington Meadows, 200 units, Austin
- Springdale Apartments, 100 Units, Haltom City
- Terrace View, 192 units, Grand Prairie
- Park Creek Manor, 322 units, Dallas
- Pythian Manor Apartments, 76 units, Dallas
Associate director De'On Collins and senior managing director John Brownlee led HFF's debt-placement team.
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