HFF refis apartment complex.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, a conduit lender. 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 Commercial Mortgage Corporation. |
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