HFF Secures Financing for French Place Apartments
The garden-style apartment community was 97 percent occupied at the time of the closing.
By Anca Gagiuc
French Place Apartments, San Antonio
San Antonio—HFF has secured $5.6 million in financing for French Place Apartments, an 84-unit, garden-style apartment community in San Antonio.
HFF represented the borrower, Venterra Realty, to secure a seven-year, fixed-rate loan through Freddie Mac’s CME Program. The HFF debt placement team representing Venterra was led by Managing Director Cortney Cole. At the time of the deal, the property was 97 percent occupied.
Built in 1968, French Place Apartments is located at 109 West French Place in San Antonio’s Monte Vista neighborhood, just north of downtown and west of Brackenridge Park. The property is in close proximity to the city’s top attractions, including The Alamo, Riverwalk, The Pearl Brewery mixed-use development and Northstar Mall. The unit mix consists of one- and two-bedroom floor plans with fully-equipped kitchens, walk-in closets and patios/balconies. Community amenities include a swimming pool, barbecue grills, courtyards, a laundry facility and covered parking.
Image courtesy of Yardi Matrix
