HFF Secures Financing for Apartment Complex in Dallas

DALLAS — HFF has secured financing commitments for The Village Apartments, an apartment complex in Dallas totaling 7,000 units. The financing included a single-sponsor securitization and a floating-rate credit facility. Freddie Mac provided all financing commitments, and the loans will be serviced by HFF through its Freddie Mac Program Plus seller/servicer program. HFF worked on behalf of a joint venture between Lincoln Property Co., Invesco Real Estate (acting on behalf of an institutional client) and Crow Holdings. Financing proceeds were used to retire an existing Freddie Mac loan facility and to provide additional capital for future development. The Village is located at the intersection of Caruth Haven and Greenville Avenue, eight miles northeast of downtown Dallas.