WASHINGTON, D.C. – September 19, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $49.56 million in financing for BullHouse, a 305-unit, luxury apartment community in downtown Durham, North Carolina.

The HFF team worked exclusively on behalf of the borrower, Lantower Residential, to arrange an acquisition loan through New York Life Real Estate Investors.

Located at 504 East Pettigrew Street, BullHouse is adjacent to the Durham Freeway (Highway 147) and steps from the Durham Performing Arts Center, American Tobacco Campus and Durham Bulls Athletic Park.  The property’s central, amenity-rich location and direct freeway access provides convenient access to multiple employment centers around Durham, Raleigh and the Research Triangle.  BullHouse features modern studio, one-, two- and three-bedroom units with contemporary finishes, including designer kitchens with quartz countertops and stainless-steel appliances; hardwood-style flooring, energy efficient windows, full-sized washers and dryers, custom walk-in closets, balconies and skyline views of downtown Durham.  Community amenities include a saltwater pool, outdoor kitchen, yoga room, spa room, rooftop terrace, gather room with catering kitchen, dog spa, local art gallery with purchasing options, café with coffee station and huddle room with multimedia capabilities.

The HFF debt placement team representing the borrower consisted of senior directors Jamie Leachman and Roger Edwards.

“We are seeing more and more activity in the pre-stabilized multi-housing space both with acquisitions and refinancing,” Leachman said.  “New York Life Real Estate Investors was fantastic to work with by providing Lantower with extremely competitive terms to facilitate the expansion of its portfolio within the Southeast.”