Tuesday, March 29, 2011

HFF arranges $5.8 million refinancing for Indianapolis multi-housing community

 NDIANAPOLIS, IN –HFF announced today that it has arranged a $5.85 million refinancing for Oakbrook Village Apartments (top left photo), a 384-unit multi-housing community in Indianapolis, Indiana.

Working on behalf of the owner, Oakbrook Village, LLC, HFF placed the 10-year, 5.43 percent fixed-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF executed the loan as a streamline refinance through its Freddie Mac Program Plus® Seller/Servicer program. 

In addition to a significant reduction in the interest rate, the loan provides additional proceeds for property repairs and upgrades.  

Oakbrook Village Apartments is located at 6098 Georgetown Road in northwest Marion County, Indianapolis.  The property is managed by an affiliate of the owner; Wilds Property Management.

 The HFF team representing the borrower was led by senior managing director Dave Keller (bottom right photo).

David B. Keller, HFF Senior Managing Director, (317) 630-3191, dbkeller@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500           

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