Apartment Look

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...

The advertisements are everywhere. On television, a sleek black sedan pulls up to a sprawling estate with a rolling green lawn as a mother recounts how Recovery Centers of America saved her child from drugs. On Facebook, radio, highway billboards, and commuter trains, people are urged to call the company’s instantly memorable hot line : 1-800-RECOVERY. The marketing blitz and an infusion of private equity money have helped make Recovery Centers of America into the self-described fastest- growing addiction treatment provider in the country. Launched less than three years ago by a high- end real estate developer , it’s part of a rush of entrepreneurs who see opportunity in the treatment business as the opioid crisis sweeps the country. Advertisement But an investigation by STAT and The Boston Globe has uncovered evidence of shoddy care and turmoil inside the walls of the company’s two Massachusetts treatment centers . This report is based on interviews with more than a dozen fo...