HFF Announces $15.3M Financing for SFR Portfolio in Miami-Fort Lauderdale MSA

Holliday Fenoglio Fowler, L.P. (HFF) announces $15.3 million in financing for a 114-property residential portfolio in the Miami-Fort Lauderdale MSA.

The HFF team worked exclusively on behalf of R.O.I Capital Group, a real estate investment group focused on investing in rental housing throughout the southeastern and southwestern U.S.  The loan was facilitated through the Freddie Mac affordable SFR Pilot Program.

The portfolio includes a mixture of single-family residences and duplex properties in the Miami-Fort Lauderdale-Pompano Beach-Deerfield Beach MSA.  Built between 1951 and 1985, most of the properties were constructed in the 1960’s, with an overall average year built of 1966.  The portfolio is more than 97 percent occupied and approximately 75 percent of the units are designated as affordable to low-income families earning 80 percent of area median income (AMI).  Approximately 90 units were affordable to families earning 90 percent of AMI and approximately 70 percent of the units have a Section 8 contract in place.

The HFF debt placement team representing the borrower consisted of director Matthew Putterman.

“This Freddie Mac loan will be used to make improvements to the portfolio and will enable R.O.I. to acquire and improve additional workforce housing properties,” Putterman said.

About R.O.I. Capital Group
R.O.I Capital Group (R.O.I.) is a private real estate investment company that focuses on acquiring and managing income producing assets, with the goal of providing safe, clean workforce housing opportunities and attractive, low-risk returns for their investors.  The company has acquired income producing assets throughout the United States and Europe since it was established.  Learn more at roi-cap.com.

About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on Twitter @HFF.