HFF Closes Sale of Loan Secured by The Vue in Charlotte, North Carolina
SAN FRANCISCO--(BUSINESS WIRE)-- HFF announced that it has closed the sale of a loan secured by The Vue, a 409-unit, 51-story Class A luxury residential tower in Charlotte, North Carolina.
The Vue was completed in 2010 using proceeds from a $195 million construction loan, which was bifurcated into a $65 million senior note and a $130 million junior note. In the current transaction, HFF marketed the junior note on behalf of the sellers, a venture comprised of Asian and European insurance companies.
The Vue is located at 404 West 5th Street in the Fourth Ward of Charlotte, North Carolina. The high-rise includes amenities such as a 4,000-square-foot lounge, 35,000-square-foot amenity deck featuring a junior Olympic-sized pool, yoga room, fitness center, sports court, business center and concierge service. Units average 1,317 square feet and feature stainless steel appliances, granite countertops, floor-to-ceiling glass windows and high security biometric entry.
The HFF team representing the sellers included senior managing directors Gerry Rohm, Whit Wilcox and Jason Nettles as well as executive managing director Manny de Zarraga and director Jaret Turkell. Maurice Habif was the lead HFF analyst on the transaction.
Holliday Fenoglio Fowler, LP (HFF) and HFF Securities LP (HFFS) are owned by HFF, Inc. (HF). HFF operates out of 21 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, equity placement, loan sales, and commercial loan servicing. www.hfflp.com.
Gerry Rohm, (415) 276-6300
HFF Senior Managing Director
Jaret Turkell, (305) 448-1333
Olivia Hennessey, (713) 852-3500
HFF Associate, Marketing
Source: HFFCopyright Business Wire 2012