DEAL OF THE DAY: Holliday Fenoglio Fowler Places $18.7M Loan For Corpus Christi Property

By Erika Schnitzer, Associate EditorCorpus Christi, Texas—Holliday Fenoglio Fowler LP (HFF) has placed an $18.7 million permanent loan with Freddie Mac for a 274-unit apartment community in Corpus Christi, Texas.The loan, which was arranged by Andy Scott, managing director of HFF, on behalf of Peek Howe Real Estate, has a seven-year fixed-rate financing term.Located at 5701 Saratoga Boulevard, The Reserve at Saratoga offers a luxury clubhouse, indoor basketball court and resort-style swimming pool. It is currently 98 percent occupied.