HFF SECURES $5 MILLION FOR APARTMENT REFINANCING

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HUMBLE, TEXAS — The Houston office of Holliday Fenoglio Fowler (HFF) has secured a $5 million loan for the refinancing of Deerbrook Garden, a 162-unit multifamily community located in Humble. Located at 1230 FM 1960 East, Deerbrook Garden comprises one- and two-bedroom units. The property is managed by Houston-based Asset Plus Cos. and was fully occupied at the time of closing. HFF’s Jeff Knowles arranged the financing on behalf of Deerbrook Garden Apartments Ltd. Terms includes 5.83 percent fixed interest rate. The loan was funded by Wachovia Multifamily capital through Fannie Mae.

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