LOS ANGELES—Universe Holdings has secured $17million in Freddie Mac loans for a portfolio ofsix multifamily properties in Los Angeles. Thefunds will be used to recapitalize the 118-unit portfolio, whichincludes Chateau Barry, ChateauOlympic, Chateau Parkside,Chateau Sycamore, Citronia LuxeTowers and Islands of Tranquility, and tofund future acquisitions.

“Freddie Mac has been an amazing partner with Universe Holdingsover the past three years, and again was able to provide acomprehensive, fixed rate structure, with the best interest rateand interest only structure available in the market,”Charles Halladay, HFF director,tells GlobeSt.com. Halladay secured the funds on behalf of UniverseHoldings.

The fixed-rate loans are securitized and will be servicedthrough HFF's Freddie Mac program plusseller/servicer program. The loans have interest ratesranging from 3.88% to 4.11%. “The additional funds allow forUniverse Holdings to go out and secure additional acquisitionsgoing forward into 2015,” says Halladay, who adds that there wereno major challenges in securing the funding for Universe Holdings.The six-property portfolio is 98% occupied.