May 24, 2016
Holliday Fenoglio Fowler, L.P. (HFF) arranged $129.78 million in financing for two Class A apartment communities, The Knolls and Westlake Canyon, totaling 672 units in Thousand Oaks, CA. The Knolls is located at 2544 Vista Wood Cir., while adjacent Westlake Canyon is located at 2338 Fountain Crest Ln.
HFF worked on behalf of the borrower, a joint venture between institutional investors advised by J.P. Morgan Asset Management and Sares Regis Group, to place a five-year, floating-rate loan with a national bank. Loan proceeds were used to pay off maturing debt, and fund future planned capital improvements.
HFF’s debt placement team representing the borrower included Mike Tepedino, Kevin MacKenzie, Charles Halladay and Brian Torp.