HFF announces $2.35M refinancing of 10-unit apartment property in Walnut Creek, California
Printer-friendly version SAN FRANCISCO, CA – August 22, 2017 – Holliday Fenoglio Fowler , L.P. (HFF) announces the $2.35 million cash-out refinancing of Hillside Terrace , a 10- unit apartment property in Walnut Creek, California. HFF worked on behalf of the borrower, PTLA Real Estate Group , to secure the seven-year, fixed-rate, non-recourse loan with 36 months of interest only. Hillside Terrace comprises 10 recently renovated , two- bedroom units featuring stainless steel appliances , in-unit washers and dryers and faux-wood flooring. Situated at 1865 Lacassie Avenue, the property is just east of Interstate 680 and just over a block south of the Walnut Creek BART station . Hillside Terrace is also within walking distance to numerous retail and dining amenities in downtown Walnut Creek . The HFF debt placement team representing the borrower included director Chris Gandy . Holliday Fenoglio Fowler , L.P., acting by and through Holliday GP Corp ., a real estate broker licensed wi...