HFF Arranges $133M Financing for 3 Bay Area Communities
MultiHousing News | April 17, 2018
Three properties in San Mateo, Calif. have received $132.9 million in financing. An HFF team worked on behalf of the borrower, an affiliate of Stockbridge Capital Group and developer Wilson Meany. TH Real Estate provided the fixed-rate loan, which will be used to retire previous construction financing. According to Yardi Matrix, two of the properties received an $88 million loan from HSBC Bank in 2015, while the third benefited from a $13 million loan provided by U.S. Bank in 2013.