11/15/2008

$51 million loan arranged for Alabama apartments

by
Lindsey Management Group and The Greens at Tuscaloosa, a limited partnership, have obtained $50.78 million in financing to pay off construction debt on two multi-family properties in Tuscaloosa, Ala.

Holliday Fenoglio Fowler arranged the 10-year fixed-rate loan through Freddie Mac for the 408-unit The Links at Tuscaloosa and the 384-unit The Greens at Tuscaloosa.

The properties were built in 2007 and are located at 1800 Links Blvd., adjacent to the Links at Tuscaloosa golf course.

The one- and two-bedroom units are 97 percent leased and offer a clubhouse, activity room, business center, swimming pool and tennis courts.

Address: 1800 Links Blvd., Tuscaloosa, Ala.

Size: 792 units

Built: 2007

---

Filed Under: Multi-Family

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009