HFF arranges $23m refi.The New York office of Holliday Fenoglio Fowler, L.P. has arranged a $23.785 million refinancing for South Terrace at Auburn Apartments, a 328-unit, Class A multifamily apartment complex in Durham, North Carolina Durham is a city in the U.S. state of North Carolina. It is the county seat of Durham CountyGR6 and is the fourth-largest city in the state by population. . HFF managing director Robert Delitsky worked on behalf of the borrower, Auburn Apartments, LLC, to secure the ten-year, fixed-rate securitized loan through the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. office of GMAC Commercial Mortgage Corporation. The borrowing entity is comprised of The Kalikow Group of Westbury, New York Westbury is a village in Nassau County, New York in the United States. The population was 14,263 at the 2000 census. The Village of Westbury is in the Town of North Hempstead. , led by Ed Kalikow, and EYC Companies of Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , led by Ellis Coleman. HFF arranged the construction loan in 2001, which was then converted to a permanent loan through GMAC. |
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