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HFF ARRANGES $25.8 MILLION FOR TEXAS TECH STUDENT HOUSING

LUBBOCK — Holliday Fenoglio Fowler (HFF) has arranged $25.87 million in financing for The Suites at Overton Park, a 298-unit multi-housing community across from Texas Tech's campus in Lubbock. HFF worked exclusively on behalf of the borrower, McDougal Cos., to secure the 5-year fixed-rate loan with Freddie Mac. The Suites at Overton Park is situated on 5.8 acres at 2300 Glenna Goodacre Blvd. Completed in 2008, the four-story property features a parking garage, a resort-style swimming pool, a walking track, a media room, a fitness center and laundry facilities. It is 99 percent leased. The HFF team representing McDougal Cos. was led by Mona Carlton.

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‣ Arbor Realty Trust
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