HOUSTON, TX – June 27, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has secured acquisition financing for Waterside at Mason, a 246-unit, Class A apartment community in the West Houston suburb of Richmond, Texas.
HFF worked exclusively on behalf of the borrower, Hilltop Residential, to arrange the five-year, fixed-rate loan with interest-only payments through a life company correspondent lender.
Waterside at Mason is located at 1901 Waterside Village Drive in Richmond and is zoned to the Fort Bend Independent School District. Completed in 2017, the 6.6-acre property offers access to Texas State Highway 99 (Grand Parkway) and the Westpark Tollway, as well as major employment and retail drivers in Sugar Land, Katy, the Energy Corridor, Westchase and the Galleria/Uptown District. Units include a mix of one- and two-bedroom units averaging 867 square feet. Community amenities include a resort-style pool, fitness center, resident clubhouse with conference room, recreation room with billiards, in-unit washers and dryers, walk-in closets and patios or balconies.
The HFF debt placement team representing Hilltop Residential was led by managing director Cortney Cole and analyst Jett Lucia.