HOUSTON, TX – September 26, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Valencia at Westchase, a 312-unit, garden-style apartment community in Tampa, Florida.

The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.28 percent. Terms of the loan include interest-only payments for the first three years. Loan proceeds were used to refinance existing debt.

Valencia at Westchase consists of 13 residential buildings oriented around a large central pond. Units are configured in a variety of one-, two- and three-bedroom floor plans totaling 305,832 rentable square feet with amenities, including hardwood-style flooring, in-unit washers and dryers, walk-in closets, smart home features, and patios or balconies.  Community amenities include a swimming pool, grilling area, fitness center, business center, playground and bark park.  Valencia at Westchase is located at 8802 Brennan Circle approximately 6.5 miles northwest of Tampa International Airport and 11 miles from the Tampa CBD.  The property is 95 percent occupied.

The HFF debt placement team representing Venterra included managing director Cortney Cole, director Preston Reid and analyst Sterling Curry.