Tuesday, November 2, 2010

HFF arranges $19.4 million refinancing on behalf of Trammell Crow Residential for northwest Houston multi-housing community


 DALLAS, TX – The Dallas and Houston offices of HFF (Holliday Fenoglio Fowler, L.P.) have arranged a $19.4 million refinancing for Wynhaven at Willowbrook (top left photo), a 372-unit, Class A multi-housing community in northwest Houston, Texas.

Working exclusively on behalf of Trammell Crow Residential, HFF secured the 10-year, fixed-rate loan through Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program.  Loan proceeds are retiring existing construction financing.

Wynhaven at Willowbrook is located at 9611 Grant Street close to State Highway 249 and FM 1960 in northwest Houston.  Completed in 2008, the property has one- and two-bedroom units averaging 1,175 square feet each.  Community amenities include a resort-style lap/beach pool, resident café, club room, bbq/picnic area and gated access. 

Founded in 1977, Trammell Crow Residential (TCR) is a national multifamily real estate firm.  TCR’s portfolio includes numerous properties located in major markets across the country under such prestigious brand names as Alexan and Wynhaven.

Contacts:      
John Ahmed, HFF Associate Director, (214) 265-0880                                                                                          
                                             
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

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