DALLAS--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $200 million credit facility for Abacus Capital Group LLC (Abacus). The first asset, which funded into the credit facility is The Point at Perimeter, a two-phase, garden-style multi-housing community totaling 603 units in Dunwoody, Georgia.
Working on behalf of a fund advised by Abacus, HFF secured the floating-rate credit facility through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
The two phases of The Point at Perimeter, the 365-unit Ashford and 238-unit Dunwoody, operate as separate properties with their own set of amenities, including resort-style swimming pools with sundecks, 24-hour fitness centers, indoor racquetball courts, clubrooms and car care centers. Both phases offer a mix of one-, two- and three-bedroom floor plans averaging 934 square feet each. Situated on 12.172 acres, The Point at Perimeter is located at 100 Ashford Gables Drive, approximately 15 miles north of downtown Atlanta and convenient to Interstate 285, State Highway 400 and Perimeter Mall. The community is 96 percent leased overall.
The HFF debt placement team representing the borrower was led by senior managing director Mona Carlton.
About Abacus Capital Group LLC
Founded in 2004, Abacus Capital Group LLC has a 12-year track record of achieving attractive, risk-adjusted returns for investors by acquiring, redeveloping, developing, managing and selling of multifamily properties throughout the United States of America. Senior professionals at Abacus Capital have an average of 25 years of multifamily investment management experience.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.