HFF ARRANGES $16M FINANCING FOR ARLINGTON APTS.

by admin

ARLINGTON — HFF has secured nearly $16 million in financing for Sunset Point and Springmist Apartment Homes, two multifamily communities totaling 408 units. Sunset Point and Springmist are located at 2015 and 2004 Randy Snow Road in Arlington, close to the Dallas Fort Worth International Airport. The properties are 97 percent occupied. John Brownlee of HFF arranged the 10-year loan through Freddie Mac on behalf of the borrower, Pure Multi-Family REIT. Loan proceeds were used to acquire the properties.

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