Printer-friendly version FLORHAM PARK, NJ - September 3, 2014 – HFF announced today that it has arranged $70 million in financing for Curling Club Apartments, a 240-unit, Class A multi-housing community in Hoboken, New Jersey.
HFF worked on behalf of the borrower, institutional investors advised by J.P. Morgan Asset Management, to secure the fixed-rate loan through Nationwide Life Insurance Company. HFF brokered the sale of the asset to the borrower in June 2014.
Curling Club Apartments encompasses a full city block in the uptown Hoboken submarket between Grand and Adams Streets and 12th and 11th Streets, as well as the northern half of the block between Clinton and Grand Streets and 12th and 11th Streets. Completed in 1999, the property consists of four five-story residential buildings above a single level parking garage as well as a free-standing, single-story clubhouse and an interior courtyard. All of the apartments are two-bedroom, two-bathroom units. Community amenities at the pet-friendly residence include a fitness center, resident’s lounge, storage units and garage parking. Residents also benefit from shuttle service to the PATH station.
The HFF debt placement team representing the borrower was led by senior managing directors Jon Mikula and Tom Didio and associate director Samuel Seiden.
J.P. Morgan Asset Management – Global Real Assets has more than $76 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia, as of June 30, 2014. With a 40-plus-year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure, maritime/transport and energy strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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 at twitter.com/hff.