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Hanover Gets Refi for $91 Million Apartment Project Near Rice University

Hanover Rice Village

Hanover Rice Village

HOUSTON – Holliday Fenoglio Fowler (HFF) arranged fixed-rate financing for Hanover Rice Village, a 379-unit apartment community near Rice University in Houston.

HFF worked exclusively on behalf of the borrower, The Hanover Company, a Houston-based multifamily firm, to secure the 10-year, fixed-rate loan through an agency lender. The project was valued at $91 million last year by the Harris County Appraisal District.

Completed in 2013, 379-unit Hanover Rice Village has nine retail spaces totaling 22,599 SF. Tenants include  Coppa Italian Food, Punk’s Simple Southern Food and Cyclone Anaya’s Mexican Kitchen.

The LEED-certified property is situated at the intersection of Kelvin Drive and Dunstan Road, one block east of Kirby Drive.

The HFF debt placement team representing Hanover included Cortney Cole, Scott Galloway and Dustin Selzer.

Jan 23, 2017 Realty News Report Copyright 2017

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