HFF secures $27.52M acquisition financing for Phoenix-area apartments
AZ Big Media | March 14, 2018
HFF announced $27.52 million in acquisition financing for San Palmas at Mission Park, a 240-unit, garden-style apartment community in the Phoenix suburb of Chandler, Arizona. The HFF team worked on behalf of Continental Realty Advisors to secure the seven-year, 3.91 percent, interest-only, fixed-rate loan through Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.