HFF Sells $133.4M Non-Performing Loan Secured by Texas Mixed-Use Center

HFF sold a $133.4 million non-performing loan secured by Watters Creek at Montgomery Farm, a 700,000-sq.-ft. grocery-anchored mixed-use center in Allen, Texas on behalf of a five-member bank group.

Watters Creek contains 362,436 sq. ft. of retail space, 96,530 sq. ft. of office space, 233 luxury residential units and 15 acres of land proposed for future multi-housing development.

Eric Tupler, Brock Cannon, Doug Hazelbaker, Bill Miller and Ryan Shore helped negotiate this transaction.