Catherine Tower, LLC- 300 unit Luxury Apartment Tower in Austin receives financing from HFF

May 26 2016– Holliday Fenoglio Fowler, L.P. (HFF) secured acquisition financing for The Catherine, a 300-unit, luxury high-rise apartment tower in downtown Austin, Texas. Working on behalf of the borrower,...

May 26 2016– Holliday Fenoglio Fowler, L.P. (HFF) secured acquisition financing for The Catherine, a 300-unit, luxury high-rise apartment tower in downtown Austin, Texas.

Working on behalf of the borrower, Catherine Tower, LLC, an affiliate of Austin-based Christopher Investment Company, Inc., HFF placed the seven-year, fixed-rate loan with Prudential Mortgage Capital Company.

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The Catherine is situated at 214 Barton Springs Road immediately south of the Colorado River and to the east of Auditorium Shores and The Long Center for Performing Arts.  Completed in 2015, the 19-story, LEED-certified tower has studio, one-, two- and three-bedroom units averaging 897 square feet each with amenities, including designer built-in bookshelves, art/media niches, gourmet kitchen islands, stone countertops, stainless appliances, hardwood floors, upscale lighting, solar/black out shades, in-home washers and dryers, wireless sound system and keyless unit entry.  The property also features a rooftop sky lounge providing panoramic views of downtown, a bar and private dining room; an infinity-edge swimming pool surrounded by a fire pit, lounge spaces and grilling stations; fully-equipped, poolside fitness center; pet washing station; and hotel-inspired lobby.

The HFF debt placement team was led by senior managing director Doug Opalka.

[button href=”https://www.hfflp.com/media-center/press-releases/140954/hff-secures-acquisition-financing-for-luxury-apartment-tower-in-downtown-austin.aspx” style=”emboss” size=”medium” color=”#000000″ target=”_blank”]Source: HFF[/button]

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AustinCommercialMortgageMultiFamilyNationalReal Estate FinanceSouth

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