$19m multi-family loan closed by HFF in 22-day transaction.

The New York office of HFF (Holliday Fenoglio Fowler, L.P.) has placed a $19.7 million permanent loan with Barclays Capital for The Falls at Hunters Pointe, a 276-unit multifamily community in suburban Salt Lake City, Utah.

HFF managing director Robert Delitsky worked exclusively on behalf of the properties owner, MAXX Properties, in arranging the 10-year, fixed-rate loan.

"We have closed almost $200 million with Barclays Capital through HFF and we are thankful for the relationship," said Marc Samplin, vice president and CFO of MAXX Properties.

"This loan was closed in 22 days from when HFF presented Barclays this deal, a truly amazing performance by everyone involved."

The Falls at Hunters Pointe has 14 three-story buildings with one-, two- and three-bedroom units. The property was completed in 1994 and is near full occupancy.

Community amenities include two tennis courts, pool, play area, clubhouse and fitness center. Situated on 13.16 acres at 11251 South State Street in Sandy, The Falls at Hunters Pointe is 15 miles south of the Salt Lake City Central Business District.

Maxx Properties is affiliated with the Wiener Companies of Mamaroneck, New York.

The Wiener Companies is a 70-year old, family-owned company that owns more than 17,000 multifamily units in New York, Florida, Colorado, Utah, Nebraska, Arizona and Nevada.