Publications

HSL Properties secures $79m in financing for multifamily property portfolio in Tucson, Ariz.
Transactions - JANUARY 23, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

HSL Properties secures $79m in financing for multifamily property portfolio in Tucson, Ariz.

by Denise Moose

HSL Properties announced that it secured a total of $79.12 million in Fannie Mae Delegated Underwriting & Servicing loans to refinance three multifamily properties totaling 939 units in and around Tucson, Ariz. The financing was provided by Greystone.

Each of the non-recourse, fixed-rate loans in the portfolio carries a 30-year amortization schedule, with interest-only payments for the entire 10-year term. The portfolio includes:

$36.61 million for the 323-unit Desert Sands Apartments, in Casa Grande in Pinal County $29.36 million for the 456-unit Canyon Oaks Apartments in Tucson in Pima County $13.14 million for the 160-unit Brittany Court Apartments, also in Tucson in Pima County
Forgot your username or password?