Everything you wanted to know about the Urban Core, Uptown and Downtown Dallas, Texas & Dallas Ft. Worth Area Real Estate - Its growth, prosperity, setbacks and unprecedented revitalization is told here...Randall Turner of Harvard Companies, Inc 214-373-0007, 3500 Oak Lawn Avenue, Suite 325, Dallas, Texas 75219
Friday, February 06, 2015
HFF Arranges Financing on Two FW Complexes
HFF has arranged acquisition financing for The Lancaster and
White Buffalo, two class A multi-housing properties that operate and are
managed as one in Fort Worth.
Th two properties, in Fort Worth's West 7th Corridor,
operate and are managed as one
HFF worked exclusively on behalf of the borrower, Bell
Partners, to secure the seven-year, fixed-rate acquisition loan through New
York Life Insurance Co.
The Lancaster is located at 2901 Bledsoe St., and White
Buffalo is located at 1020 Currie St., two blocks from University Drive. Both
properties are in the West 7th Corridor about three miles from Texas Christian
University and two miles from downtown Fort Worth.
Completed in 2013, The Lancaster has 253 units averaging 810
square feet. The four-story building has a parking garage with 402 spaces --
332 covered and 70 uncovered. The three-story White Buffalo was completed in
2012 and consists of 63 units averaging 758 square feet. The Lancaster and White
Buffalo share 3.73 acres in addition to community amenities, including a wired
business center, spa-inspired poolside fitness club and yoga studio, trellised
outdoor dining and grilling areas, resort-style pool with poolside cabanas and
fireplace, recycling center, gated-access conference room and a private
Senior managing director Mona Carlton and real estate
analysts DJ Meagher and Chad Russellled the HFF debt placement team
representing Bell Partners.
Reps with HFF were unable to offer more details by press