TODAY’S DEALS: 612-Unit Property Receives $38.7M Loan Through Freddie Mac, and Other Transactions
- Oct 15, 2008
By Anuradha Kher, Online News EditorDallas–The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $38.7 million loan through Freddie Mac for The Links at Lincoln (pictured), a 612-unit multifamily property in Lincoln, Neb. HFF worked on behalf of the borrower, The Links at Lincoln, a Limited Partnership and Lindsey Management Co. Inc., to secure the 10-year, fixed-rate loan with the lender. Proceeds were used to retire the property’s construction financing.Completed in 2007, The Links at Lincoln features one- and two-bedroom apartments that are currently 97 percent leased. Community amenities include a clubhouse with fitness center, activity room and business center, swimming pool, wading pool for kids and tennis court. In addition, residents have access to a golf shop and unlimited golf privileges at the adjacent Links at Lincoln golf course, which is owned and managed by a Lindsey-affiliated company. NorthMarq Capital Arranges $19M Mortgage for 378-Unit Rental PropertySalt Lake City–NorthMarq Capital Inc.’s Kansas City regional office has arranged first mortgage financing of $19 million for Eagles Landing, a 378-unit multifamily facility, located in Salt Lake City. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.Alliant Capital Closes $11M Loan for Refi of 393-Unit PropertyWarren, Mich.–Alliant Capital LLC closed an $11 million loan to refinance the Regency Club Apartments located in Warren, Mich. The property is a 393-unit Garden type apartment community built in 1985, 1990 & 2007 and comprises of two, single-story apartment buildings and 17, two-story apartment buildings.Alliant’s loan has a 10-year term with a one-year extension.