Working on behalf of Riverwind at Alafaya Trail Limited Partnership, Holliday Fenoglio Fowler has arranged $15.2 million in financing for Riverwind at Alafaya Trail Apartments. HFF placed the 20-year, fixed-rate loan through Aegon USA Realty Advisors, LLC, a U.S.-based real estate asset manager. Located approximately 15 miles northeast of downtown Orlando in Oviedo, the 110-unit, 436-bed student housing community provides housing for University of Central Florida students. The property has been fully occupied for each of the last five years and offers two- and four-bedroom floor plans averaging 1,532 square feet.
“HFF was honored to assist the borrower in executing their strategy of securing long-term, fixed-rate debt for an asset that has historically performed very well given its proximate location to University of Central Florida,” said associate director Brett Moss.HFF. “The marketing process was extremely competitive, however Aegon ultimately provided the most compelling loan terms and structure that met the client’s needs.”
