BOSTON--(BUSINESS WIRE)--Aug. 2, 2007--The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged $141.5 million in financing for Granada Highlands, a 910-unit, Class A multifamily complex in Malden, Massachusetts.

HFF senior managing director Bob Herron and director Greg LaBine worked on behalf of Metropolitan Properties of America to secure the loan through Anglo Irish Bank Corporation, PLC. Loan proceeds will be used to acquire and renovate the property. Based in Boston, Metropolitan Properties of America is a full-service real estate investment firm that primarily invests in multifamily residential and mixed-use real estate nationwide.

Located at 211 Kennedy Drive in Malden, Granada Highlands is just off State Route 1, five miles north of downtown Boston. The well occupied property has 13 buildings with studios and one-, two- and three-bedroom units averaging 916 square feet each. Community amenities include a pool, a mini-theater, racquetball courts and reading/meeting/game rooms. Granada Highlands also offers regular shuttle bus service to the MBTA's Orange line subway station.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing.

CONTACT:
HFF
ROBERT M. HERRON
617-338-0990
HFF Senior Managing Director
rherron@hfflp.com
or
LAURIE FISH MCDOWELL
617-338-0990
HFF Associate Director, Marketing
lmcdowell@hfflp.com

SOURCE:
HFF