Financing is Stayin' Alive
Yesterday, HFF announced it has arranged $86.8M in acquisition financing for a fund advised by Crow Holdings on its purchase of Monument Park Apartments in Fairfax. The firm's Whitaker Johnson, Andy Scott, and Cary Aboud brokered the deal--a 10-year, fixed-rate loan from lender TIAA-CREF.
That's not the only financing deal broken yesterday: Cassidy Turley announced it had secured $34M in permanent financing for the Courtyard by Marriott in Tysons, with Christian Miles, Phil Mudd and Bradley Geiger serving as brokers. An undisclosed life company served as the lender for Courtyard owner BF Saul. (Undisclosed hotel financing? Sounds like the work of William Shatner's Priceline Negotiator.)
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