TAMPA, FL—Blue Rock Partners has been runninghard on the multifamily development front—andHFF is helping it secure financing to keeppressing. HFF arranged an $8.5 million refi for Blue Rock's ThePark at Chesterfield.
HFF set up the seven-year, 2.48% floating-rate loan throughFreddie Mac's (Federal Home Loan MortgageCorporation) CME Program. HFF managing director ElliottThrone and associate Todd Adams from thefirm's Miami office, along with Michael Tabor fromthe Tampa office, led the charge.
“Blue Rock, like many borrowers today, strategically tookadvantage of the aggressive financing market that is allowing dealsto secure longer terms at very low rates with flexible prepaymentoptions,” says Throne. The Park at Chesterfield is a 244-unit,garden-style multifamily community in Tampa,FL.
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