HOUSTON, TX - HFF announced today that it has arranged acquisition financing for Signature Ridge, a 612-unit, Class A multi-housing community in San Antonio, Texas.
HFF worked exclusively on behalf of Canyon-Johnson Urban Funds and its joint venture equity partner Venterra Realty, to secure the fixed-rate loan through PPM Finance, Inc.
Completed in 2001 and 2003, Signature Ridge has 27 three-story buildings with one-, two- and three-bedroom units averaging 940 square feet each. Community amenities include a resort-style pool, spa and cabana, fitness center, clubhouse, business center and detached garages. The infill property is situated on 27.47 acres at 3711 Medical Drive at the entrance to the South Texas Medical Center, which is home to 50,000 employees in 10 plus hospitals, 45 clinics and medical related institutions in San Antonio.
The HFF team that represented Canyon-Johnson Urban Funds and Venterra Realty was led by director Cortney Cole.
Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 19 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com