HOUSTON-- The Austin office of HFF has secured financing for Cityside Crossing, a 360-unit multi-housing community in southeast Houston, near the University of Houston main campus.
HFF worked on behalf of Commerce Capital Partners LLC (ComCapp) to secure the 12-year, fixed-rate Fannie Mae loan through M&T Realty Capital Corp. Proceeds from the securitized loan were used to acquire the property.
Cityside Crossing is located at 5514 Griggs Road near the South Loop East Freeway and the newly completed METRORail Southeast/Purple line. The asset is 95 percent leased and is adjacent to City Park at Palm Center, which includes a splash pad, playground, outdoor kitchen, urban garden, farmer's market and walking trails.
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