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$21M Financing for 183-Unit Apartment Community in Phoenix, Arizona, Secured by HFF


 HFF announces it has secured $21 million in financing for Serafina at South Mountain Apartments, a 183-unit, apartment community in Phoenix, Arizona.

HFF worked on behalf of Western Wealth Capital to secure the five-year, interest-only, floating-rate loan through a national bank.  The loan was used to acquire the property and includes a future-funding component to assist the borrower with their capital expenditure program.  This financing follows the closing of a series of six acquisition loans arranged on the borrower’s behalf in 2018.

Serafina at South Mountain Apartments is located at 11025 S. 51st Street just east of the South Mountain Park and Preserve.  The property is less than 15 miles from downtown Phoenix and provides connectivity around the Phoenix-Tempe-Scottsdale area via Interstate 10, which is immediately east of the property.  Serafina features one and two-bedroom homes with fully equipped kitchens, personal balconies or patios, air conditioning and ceiling fans.  Community amenities include a swimming pool, hot tub, grilling area, dog park, fitness center and billiards table.  Nestled in the Ahwatukee residential area, Serafina Apartments is 99 percent occupied.

The HFF team representing the borrower consisted of managing director Josh Simon, senior director Brad Miner and associate Tim Brousse.

Holliday GP Corp. (“HFF”) is a commercial mortgage banker licensed with the Arizona Department of Financial Institutions, License Number CBK 0124678 and NMLS Number 1524298.

About Western Wealth Capital
Western Wealth Capital has a singular focus: create wealth through well-selected real estate investment.  WWC acquires underperforming multifamily rental properties and increases net operating income and valuation through an approach that has been successfully applied across its entire portfolio.  WWC manages these assets, distributes resulting cash flow to investors and, when appropriate, divests.  WWC only focuses on markets underpinned by the economic fundamentals of population, employment and GDP growth.  Its entry point is when these demand drivers place long-term pressure on vacancy rates and rental pricing.  To date, WWC has invested in the Phoenix, San Antonio, Houston, Dallas and Atlanta markets.  Its execution and results have formed strong relationships that give it access to some of the best multifamily investment opportunities in the American Southwest and Southern United States.  For more information, email or visit

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

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