HFF announced today that it has sold a non-performing loan secured by Watters Creek at Montgomery Farm, a 700,000-square-foot, grocery-anchored, mixed-use development in Allen, Texas.
HFF marketed the $133.4 million loan on behalf of a five-member bank group.
Watters Creek at Montgomery Farm features 362,436 square feet of retail space, 96,530 square feet of office space, 233 luxury multi-housing units and 15 acres of land proposed for future multi-housing development.
The HFF team representing the bank group was led by loan sale professionals Eric Tupler and Brock Cannon along with investment sale professionals Doug Hazelbaker, Bill Miller, and Ryan Shore.HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: 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, structured finance, private equity, loan sales, and commercial loan servicing. www.hfflp.com.
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