A California company said Monday it helped Stirling Properties, of Covington, get $19.5 million in acquisition financing for Tiger Manor, a 287-unit student housing complex on July Street, west of Highland Road and north of LSU.
HFF, of Irvine, Calif., said Monday it worked on behalf of Stirling to secure a $19.5 million, 10-year fixed-rate securitized loan through Natixis Real Estate Capital LLC.
HFF said Tiger Manor is 93 percent occupied and convenient to schools, shopping, restaurants and other entertainment options, as well as the campus shuttle service.
The HFF team representing the borrower was led by senior managing director Kevin Mackenzie and associate director Jim Curtin.
Stirling Properties is a commercial real estate firm offering services including commercial brokerage, project management, property and asset management, investment sales and acquisitions.HFF operates from 21 offices nationwide and provides commercial real estate and capital markets services to the U.S. commercial real estate industry.
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