HFF Arranges $156M for 2,000-Unit Portfolio

CHICAGO-NTS Realty Holdings Limited Partnership has received a $156 million loan to refinance a multi-housing portfolio. Chicago-based Holliday Fenoglio Fowler LP arranged the loan through Freddie Mac’s Capital Markets Execution program.

The eight-property, 2,306-unit portfolio includes properties in Indiana, Kentucky, Tennessee and Virginia. The loan, which was arranged by HFF director Matthew Schoenfeldt, is a 10-year, 5.4% fixed-rate loan.

“In addition to the exceedingly attractive loan terms delivered to our borrowers, this closing was monumental as it represented the very first crossed-pool funding for Freddie Mac’s CME program,” Schoenfeldt says. “The planned enhancements will reinforce the NTS portfolio’s status as the preeminent rental communities in their respective markets.”