DALLAS—Harbor Group International of Norfolk, VA, will pay $151 million for the acquisition of The England Group Portfolio, a 2,368-unit multifamily portfolio consisting of nine institutional-quality assets in some of the most sought-after submarkets in the Dallas/Fort Worth and Houston areas. 

CBRE Capital Markets’ Debt & Structured Finance team arranged financing for the deal in the form of a total of nine loans in three separate closings. Freddie Mac provided seven new mortgages, each with a seven-year term and a floating interest rate. In addition, Freddie Mac provided two supplemental loans on two of the assets, each with a 7.58-year term and a fixed rate, in conjunction with the approval of the first mortgage assumptions on those assets.

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