AUSTIN-Denver-based Suburban Homes Inc. has snagged $47 millionin financing for its Regency Park Apartments, a 528-unit, class A,multifamily complex. The borrower worked with HFF's Austin office,which arranged the fixed-rate financing through JP Morgan ChaseBank NA.

The complex is at 401 Little Texas Lane, between South CongressAvenue and Interstate 35 on Austin's south side. The 10-year-oldproperty is 98% leased, and has averaged 97% occupancy throughoutits existence.

The ownership's focus on community and taking care of itstenants has created a very friendly atmosphere, earning ravereviews from the residents who reward the management with long termloyalty. This made the asset all the more attractive to lenders,"says HFF senior managing director Douglas Opalka. Opalka and HFFassociate director Robert Wooten led the team representing SuburbanHomes Inc.