9/9/2008

HFF arranges $5.8M in Freddie Mac refinancing for Texas apartments

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The Houston, Texas office of Holliday Fenoglio Fowler has arranged $5.8 million in refinancing through Freddie Mac for the Morgan Oaks Apartments in Alvin.

Managing Director Tucker Knight and Steve Gautier, a real estate analyst, worked on behalf of the owner, Germantown, Md.-based Minkoff Development, LLC. The two placed the 10-year, fixed-rate loan under Freddie Mac's Capital Markets Execution program.

The apartments are located at 877 E. House St. and contains 98 units. Built in two phases in 2006 and 2007, the complex is currently 94 percent occupied. Alvin is a town located approximately 25 miles southeast of Houston.

Address: 877 E. House St., Houston, Texas

Size: 98 units

Built: 2006-2007

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Filed Under: Multi-Family

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