HFF Arranges Financing for 454-Unit Texas Community
- Jan 28, 2016
Dallas—HFF recently arranged financing for phase III of a 454-unit community in The Colony, Texas. HFF worked on behalf of Billingsley Co. to secure the 10-year, fixed-rate loan through Prudential Mortgage Capital Co. Loan proceeds were used to refinance existing debt on the property.
Thousand Oaks Apartments is part of Billingsley’s 1,900-acre Austin Ranch master planned, mixed-use community featuring a blend of office, multi-housing and retail. Located less than two miles west of the Dallas North Tollway, Thousand Oaks Apartments offers one-, two- and three-bedroom floorplans ranging from 609 to 1,520 square feet.
Community amenities include five swimming pools, two volleyball courts, outdoor dining areas, two fitness centers, two playgrounds, two community lodges, five on-site restaurants, on-site retail, business center and access to miles of hiking/biking trails.
Senior Managing Director Trey Morsbach and Director Jim Curtin led the HFF debt placement team representing Billingsley.
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