Tuesday, March 15, 2011

HFF arranges $22.35 million financing for a green multi-housing community in North Texas

 DALLAS, TX – HFF announced today that it has arranged $22.35 million in financing for La Valencia at Starwood (top left photo), a 270-unit, Class AA green residential community in Frisco, Texas. 

HFF placed the seven-year fixed-rate loan with New York Life Insurance Company.  This loan will place permanent financing on the asset.

La Valencia at Starwood is located at 6805 Lebanon Road along the Dallas North Tollway within the Starwood master planned development of Frisco. 

Completed in 2009, the property was awarded the “Green Multifamily Project of the Year” from the National Association of Home Builders. 

La Valencia at Starwood is 95 percent leased and has one-, two- and three-bedroom units ranging from 744 to 1,450 square feet.  Community amenities include a business center, resort-style pool, fitness center and gated entry.

The HFF team representing the borrower was led by managing director Kevin MacKenzie (bottom right photo).

Kevin C. MacKenzie, HFF Managing Director, (214) 265-0880 kmackenzie@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

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