HFF Secures Loan for Refinancing of 137-Unit Apartment Community in Houston
HOUSTON — HFF has secured a five-year loan for the refinancing of 4 Eighty West Parker, a 137-unit apartment community in Houston. Cortney Cole and Sterling Curry of HFF arranged the fixed-rate loan with two years of interest-only payments through Green Bank on behalf of the borrower, TriArc Properties. The loan amount was not disclosed. The property includes 12 two-story buildings with units averaging 906 square feet. Community amenities include a pool, picnic area, playground, clubhouse and a business center. The community was renovated this year and was 93.7 percent occupied at the time of sale.