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Hunt Delivers Acquisition, Rehab Financing for Fort Collins Affordable MF
Hunt Mortgage Group provided a Freddie Mac Tax Exempt Loan to finance the acquisition and rehabilitation of an affordable multifamily property located in Fort Collins, Colorado. The total loan amount was $18.2 million, has a 17-year term and 35-year amortization schedule.
Village on Shields Apartments is comprised of 24, two- and three-story garden-style apartment buildings with a total of 285 units. The property was developed during the 1990’s under the Low-Income Housing Tax Credit Program.
The borrower is Village on Shields, LLLP, a Colorado Limited Liability Limited Partnership backed by Housing Catalyst (Housing Authority of the City of Fort Collins). More than $25 million in improvements are planned and expected to be completed by December 2018.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

