RICHLAND HILLS AND FORT WORTH, TEXAS — HFF has arranged $46.7 in acquisition financing for two metro Dallas apartment complexes, The Bluffs at Ironhorse and Stone Villas. The Bluffs at Ironhorse is a 490-unit complex located in North Richland Hills. Stone Villas is a 396-unit apartment complex in northwest Fort Worth. HFF worked on behalf of the borrower, Oxford Enterprises Inc., to secure financing for the properties in two separate transactions. The Bluffs at Ironhorse was financed with a $34.7 million, 10-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp. The $12 million balance sheet loan for Stone Villas was placed with M&T Bank. Adam Herrin led HFF’s debt placement team.
