MIAMI—Altis has won the confidence of Freddie Mac, securing a $15.6 million loan for Skyline Fifth. The 178-unit luxury high-rise multifamily property calls St. Petersburg, FL home.

HFF worked to secure the 10-year, 3.71 percent, fixed-rate loan for Altis through the agency's CME Standard Execution Program. Loan proceeds were used to acquire the multifamily property. HFF director Elliott Throne and executive managing director Manny de Zárraga handled the financing.

“The capital markets are offering great financing terms for borrowers who are looking to further enhance quality assets,” Throne tells GlobeSt.com. “With continued rent growth forecasted, well occupied properties taking advantage of these debt terms will provide great cash on cash returns for investors on a long term basis.”