HFF Secures Financing for Purchase of Apartment Complex in Houston

HOUSTON — HFF has secured acquisition financing for Cityside Crossing, a 360-unit apartment complex in southeast Houston near the University of Houston main campus. HFF worked on behalf of Commerce Capital Partners LLC (ComCapp) to secure the 12-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp. Cityside Crossing is located at 5514 Griggs Road near the South Loop East Freeway and the newly completed METRORail Southeast/Purple line. The asset was 95 percent occupied at the time of financing. Robert Wooten led the HFF debt placement team representing ComCapp.