Tuesday, May 10, 2011

HFF arranges $8.2 million refinancing for two California multi-housing communities


LOS ANGELES, CA – HFF announced today that it has arranged an $8.2 million refinancing for San Jacinto (top left photo) and Holloway House, multi-housing communities totaling 284 units in Palm Springs and West Hollywood, California.

HFF worked exclusively on behalf of 17834 Burbank Investments, LLC to secure the 10-year, 5.19 percent fixed-rate loan through ING Life Insurance and Annuity Company acting through its advisor ING Investment Management.  The loan has a 30-year amortization and will be serviced by HFF. 

San Jacinto, which has 209 units, is located at 3925 Escoba Drive close to the Palm Springs International Airport in Palm Springs.  The 75-unit Holloway House is situated between Santa Monica and Sunset Boulevards at 8608 Holloway Drive in West Hollywood.

The HFF team representing 17834 Burbank Investments, LLC was led by managing director Mark Wintner (lower  right photo).


Mark Wintner, HFF Managing Director, (310) 407- 2100, mwintner@hfflp.com  

Kristen Murphy, HFF Associate Director, Marketing (713) 852-3500   krmurphy@hfflp.com                                     

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