TALLAHASSEE, FL-HFF has been busy in recent weeks securing financing for multifamily properties across the South. From Tallahassee to Atlanta and from Raleigh to Texas, HFF is demonstrating that the capital markets are willing to bet on stable multifamily deals.

HFF placed a $17.8 million financing with Freddie Mac for Delaney Park at Southwood, a 248-unit, class A multihousing community in Tallahassee. HFF worked on behalf of Winter Park-based Epoch Properties to secure the seven-year, fixed-rate loan through Freddie Mac’s Early Rate Lock Capital Markets Execution Program. The securitized loan has a rate below 5%. HFF director Elliott Throne and senior real estate analyst Todd Adams worked the deal.

“Epoch took advantage of the current low interest rate environment and paid off their original construction loan with a new permanent loan that had terms only Freddie Mac could offer,” says Throne. “They now have an attractive low interest rate long-term financing that can be assumed by a new buyer if they choose to sell the asset in the future.”