HOUSTON, TX – November 29, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $15.3 million in financing for a 114-property residential portfolio in the Miami-Fort Lauderdale MSA.

The HFF team worked exclusively on behalf of R.O.I Capital Group, a real estate investment group focused on investing in rental housing throughout the southeastern and southwestern U.S.  The loan was facilitated through the Freddie Mac affordable SFR Pilot Program. 

The portfolio includes a mixture of single-family residences and duplex properties in the Miami-Fort Lauderdale-Pompano Beach-Deerfield Beach MSA.  Built between 1951 and 1985, most of the properties were constructed in the 1960’s, with an overall average year built of 1966.  The portfolio is more than 97 percent occupied and approximately 75 percent of the units are designated as affordable to low-income families earning 80 percent of area median income (AMI).  Approximately 90 units were affordable to families earning 90 percent of AMI and approximately 70 percent of the units have a Section 8 contract in place.

The HFF debt placement team representing the borrower consisted of director Matthew Putterman.

“This Freddie Mac loan will be used to make improvements to the portfolio and will enable R.O.I. to acquire and improve additional workforce housing properties,” Putterman said.