Arlington, Texas — HFF has secured debt financing for 101 Center, a mixed-use development located near the University of Texas at Arlington.
The community offers 244 conventional multifamily units and 493 beds of student housing, alongside 18,400 square feet of ground-floor retail. The property serves as the initial phase of Arlington City Center, a downtown core redevelopment project that includes a new central library, city council chambers, a public plaza and private mixed-use development, all set within new urban streetscapes. Jeremy Sain of HFF worked on behalf of the borrower, Catalyst Urban Development, to secure the non-recourse, floating-rate bridge loan through Credit Suisse. HFF previously assisted Catalyst in securing the initial capital for the development of this property in late 2015.