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.