Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Valencia at Westchase, a 312-unit, garden-style apartment community in Tampa, Florida.

The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.28 percent. Terms of the loan include interest-only payments for the first three years. Loan proceeds were used to refinance existing debt.

Valencia at Westchase consists of 13 residential buildings oriented around a large central pond. Units are configured in a variety of one-, two- and three-bedroom floor plans totaling 305,832 rentable square feet with amenities, including hardwood-style flooring, in-unit washers and dryers, walk-in closets, smart home features, and patios or balconies. Community amenities include a swimming pool, grilling area, fitness center, business center, playground and bark park. Valencia at Westchase is located at 8802 Brennan Circle approximately 6.5 miles northwest of Tampa International Airport and 11 miles from the Tampa CBD. The property is 95 percent occupied.

The HFF debt placement team representing Venterra included managing director Cortney Cole, director Preston Reid and analyst Sterling Curry.

About Venterra Realty

Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. Venterra currently manages a portfolio of approximately 15,000 multifamily units totaling more than $1.6 billion in value. The organization has completed in excess of $4 billion of real estate transactions. Venterra is headquartered in Toronto and Houston; and employs more than 550 people.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.