TAMPA-In yet another sign that capital is flowing back into the multifamily sector, HFF arranged a $38-million refinancing through Freddie Mac for The Addison and Courtney Trace Apartments in Brandon. HFF worked for a partnership between Case Pomeroy Properties and ContraVest to secure two seven-year securitized loans to refinance construction loans originated when the properties were developed in 2006 and 2007.

Both with interest rates below 5%, the loans will be serviced by HFF through its Freddie Mac Program Plus Seller/Servicer program. HFF Director Elliott Throne and Managing Director Jim Cadranell represented the borrower. HFF could not immediately be reached for comment on the deal, but Carey Stiss, an attorney at Bilzin Sumberg, tells GlobeSt.com that multifamily projects that are performing are finding Freddie Mac financing easy to come by.

“Freddie Mac has been very active recently and even before some of the other lending sources opened up again,” Stiss says. “Despite the fact that other lending sources have become available, Freddie Mac is still one of the better bets.”