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Hunt Provides Freddie Small Balance Loan for KC Multifamily
Hunt Mortgage Group has provided a $5-million Freddie Mac Small Balance Loan to finance the acquisition of Holly Ridge Townhomes, a multifamily property in Kansas City, MO. The borrower is PI Holly Ridge LLC.
The loan is a 10-year fixed rate, with 30 years of amortization and a standard yield maintenance prepayment with the last three months open to prepayment.
“This is the borrower’s first transaction with Hunt Mortgage Group, but they are repeat Freddie Mac borrowers,” said Hunt Mortgage’s Misty Read. “They are also seasoned local multifamily investors with current ownership in 25 multifamily properties located throughout Kansas and Missouri.”
For comments, questions or concerns, please contact Paul Bubny
Built in 2007, Holly Ridge Townhomes consists of 27 three-story townhome style apartment buildings containing 54 units. It’s currently 94% occupied.
- ◦Financing

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