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Brokerage
Posted: July 10, 2009
Wilcox of HFF arranges $23.28m in refinancing for 260-unit multifamily
The New York office of Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $23.28 million refinancing for Ironwood Apartments, a 260-unit multifamily community.
Working on behalf of institutional investors advised by J. P. Morgan Asset Management - Global Real Assets, HFF senior managing director Whit Wilcox placed the seven-year, adjustable-rate loan with the Federal Home Loan Mortgage Corp. (Freddie Mac). Loan proceeds are paying off a maturing loan that the borrower had with a portfolio lender.
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