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Hunt Refis Two Texas Affordable MF Assets
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Hunt Mortgage Group provided two Freddie Mac affordable multifamily loans totaling $20.5 million to refinance two Texas properties. Both loan facilities have a seven-year loan term, 24-months of interest-only payments and 30-year amortization schedule beginning in year three of the loan.
Hunt Mortgage Group’s Paul Weissman says, “The borrower is a very experienced manager of affordable housing, with a current management portfolio of more than 30,000 multifamily units, of which more than 20,000 are affordable apartments.”
The properties include:
-Red Hills Villas Apartments ($13.8 million), a garden-style multifamily complex in Round Rock, TX that consists of six buildings with a total of 168 multifamily units. Red Hills Villas is 100% comprised of low income units, of which 46 are very low income apartments.
-Champion’s Crossing Apartments ($6.7 million), a garden-style multifamily property that consists of 13 buildings and a total of 156 units in San Marcos, TX.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

