HFF announces $18.7 million financing for Newport News apartment community

Published March 21, 2018 by Paula C. Squires

Holliday Fenoglio Fowler (HFF) has secured $18.7 million in acquisition financing for Meadow View Townhomes, a 400-unit, garden-style apartment community in Newport News.

HFF said it worked on behalf of the borrower, Brick Lane and Red Starr Investments, to secure the 10-year, fixed-rate acquisition loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac multifamily approved seller/servicer for conventional loans.

Meadow View Townhomes is a 77-building property with one, two-, three- and four-bedroom units totaling 345,660 square feet.  Renovated in 2017, the property is situated on 26 acres at 4801 Marshall Ave.  just off Hampton Roads Beltway (Interstate 664). It’s a short distance from major employment drivers, including Langley Air Force Base and the Newport News Shipyard, as well as the Coliseum Central commercial corridor. 

On-site amenities include two laundry facilities in addition to in-unit washer and dryer hookups in each unit, a clubhouse, playground and on-site parking.