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Hunt Secures $68M Refinancing for Hallandale Beach MF Property
Hunt Real Estate Capital has secured a $67.6 million Freddie Mac Lease-Up Loan to refinance Artsquare at Hallandale, a 358-unit multifamily community in Hallandale Beach.
Located at 401 North Federal Highway, the property is comprised of six residential buildings located on a nearly three-acre parcel. Amenities at the property include a resort-style swimming pool, modern fitness center, a yoga/spin studio, outdoor lounge, dog wash station, club room, social lounge, conference room, kids’ room and a private theater. Artsquare at Hallandale also offers 328 covered parking spaces and 210 surface parking spaces.
Marc Suarez of Hunt secured the financing on behalf of the borrower, Hallandale Land Ventures LLLP, a Florida Single Asset Borrowing Entity and subsidiary of Integra Investments. The Freddie Mac loan has an 11-year term with four years of interest-only payments, followed by a 30-year amortization schedule.
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- ◦Financing
