HFF secures $25 Million for Longwood Apartments

MIAMI - Holliday Fenoglio Fowler LP have negotiated almost $25 million in financing for Golf Brook and Sabal Park Apartments, two multifamily communities, These 2 Apartment communities have a total of 357 units, in Longwood. Longwood is 12.5 miles north of Orlando.
Holliday Fenoglio Fowler is one of the largest and most successful commercial real estate capital intermediaries in the country. HFF has one of it’s many offices at 2 Alhambra Plaza, in beautiful Coral Gables.
HFF sought out financing on behalf of NTS Development Company to secure the floating-rate loans through Freddie Mac’s “capped ARM” financing program. A $14.63 million loan was made for Golf Brook, and a $9.6 million loan was arranged for Sabal Park. These loans will be serviced by HFF.
Golf Brook Apartments, located at 385 Golf Brook Circle, has 195 units averaging 1,538 square feet each and is currently 92.3% leased.
While Sabal Park Apartments is located at 32 Sabal Park Place, and offers 162 units averaging 1,497 square feet. Sabal Park is approximately 90.7%-occupied.
NNN Signalized Corner of Palm Beach