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Stock impact report

HFF Arranges Financing Totaling $190.873M for 6 Apartment Communities in Texas, Alabama and Colorado

DGA Core Plus Absolute Return ETF (HF) 
Last dga core plus absolute return etf earnings: 4/24 04:15 pm Check Earnings Report
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)-- Holliday Fenoglio Fowler, L.P. (HFF) announces financing totaling $190.873 million for six apartment communities comprising 1,843 units in Texas, Alabama and Colorado. The HFF team worked on behalf of the borrower, Advenir, Inc., to secure the seven-year, fixed-rate loans in six separate transactions through Freddie Mac. Two of the transactions were acquisition financing and the remaining four transactions were refinances from floating- to fixed-rate loans. The refinances were in line with the borrower’s strategy to mitigate interest rates amid the volatile interest-rate environment. The fixed-rate conversions took the ongoing LIBOR adjustment risk off the table and ultimately provided the borrower with a reduction in the all-in rate for each property with additional interest-only amortization. All the loans will be serviced by HFF, a Freddie Mac Optigo? lender for Conventional Show less Read more
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