Freddie Mac and HFF Provide $38.7 Million in Financing for Lincoln, Nebraska Apartments
December 02,
2008
Contact:
corprel@freddiemac.com
or (703) 903-3933
McLean, VA – Freddie Mac recently purchased a $38.7 million mortgage from Holliday Fenoglio Fowler (HFF) that helped provide financing for the borrower, the Fayetteville, Arkansas-based Lindsey Management Company. The 10-year fixed-rate mortgage transaction utilized the Freddie Mac Capital Markets ExecutionSM pilot.
The transaction allowed the borrower to retire construction financing on The Links at Lincoln, a 51-building, 612-unit apartment community in Lincoln, Neb. Constructed in 2007, amenities at the property include a clubhouse, pool, fitness center and business center.
"The CME Pilot allowed us to achieve the best possible pricing and maximize proceeds over a typical portfolio execution, which was important to Lindsey on this transaction," said HFF Director Brian Carlton.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.
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