HFF arranges $127m in agency loans

HFF has arranged $127.3m in Fannie Mae and Freddie Mac loans in Denver and North Carolina.

Baltimore-based M&T Realty Capital Corporation provided two Fannie Mae loans totaling $77.5m to refinance the existing debt (from the Department of Housing and Urban Development) on residential communities near Denver, Colorado.

A $36.94m, 20-year loan with a 3.95 percent fixed rate refinances Terra Vida, at 3707 Precision Drive in the Fort Collins submarket, about eight miles from Colorado State University’s main campus. The three-story property, built in 2012, has 240 units and is 96 percent occupied

Another $37.86m refinances Block 32 at 3200 Brighton Boulevard, in Denver’s River North neighborhood. The 20-year loan carries a fixed interest rate of 3.98 percent. The four-story building, completed in 2014, has an occupancy of 96 percent.

HFF also arranged $50m in Freddie Mac loans through three separate 10-year, fixed rate deals for Hudson Capital Properties’ acquisition of three North Carolina garden-style apartment properties. HFF will service the securitized loans through the Freddie Mac Program Plus platform.

The portfolio includes two properties in Greensboro: Steeplechase at 1338 Adams Farm Parkway and Park Forest at 3214 Brassfield Road. The third property is Deep River Pointe at 3971 River Pointe Place in High Pointe, North Carolina.