HFF SECURES $22.1 MILLION REFINANCING FOR FAIRWAY PALMS APARTMENTS

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RANCHO CUCAMONGA, CALIF. — Holliday Fenoglio Fowler (HFF) has secured a $22.1 million refinancing with Freddie Mac for Fairway Palms Apartments, a 236-unit multifamily community in Rancho Cucamonga. Located at 111201 5th St., the property features one-, two- and three-bedroom units, a swimming pool, a fitness center and a clubhouse. At the time of acquisition, the property was 94 percent leased. Whit Wilcox of HFF placed the 7-year, adjustable-rate loan with the Federal Home Loan Mortgage Corp.

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