Holliday Fenoglio Fowler, L.P. (HFF) announces financing for CoHo, a 128-unit, garden-style multi-housing property that was recently extensively renovated and is currently 95 percent occupied in Atlanta, Georgia.
The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, 3.86 percent, fixed-rate loan with four years of interest-only payments with a correspondent life company lender. Loan proceeds were used to acquire the property.
CoHo is situated on approximately 8.7 acres at 177 N. Colonial Homes Circle NW adjacent to Atlanta Memorial Park. The centrally located, infill property is positioned between the Buckhead and Midtown neighborhoods providing access to multiple transportation routes, including Interstates 75 and 85, as well as some of the city’s top retail, dining, entertainment and employment centers. Units include a variety of two-bedroom layouts, 96 of which are townhome-style units, with features such as stainless steel appliances, granite countertops, upgraded lighting and plumbing fixtures, in-unit washers and dryers, and patios or balconies. Common area amenities such as a swimming pool with poolside cabana, outdoor lounge with fire pit, grills, fitness center, dog wash, dog park, and garages or carports.
The HFF debt placement team representing Venterra included managing director Cortney Cole and senior director Chip Sykes.
About Venterra Realty
Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. Venterra currently manages a portfolio of approximately 15,000 multifamily units totaling more than $1.6 billion in value. The organization has completed in excess of $4 billion of real estate transactions. Venterra is headquartered in Toronto and Houston; and employs more than 550 people.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.com or follow HFF on Twitter @HFF.