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national   /   April 28, 2017

Dennis Kaiser
By: Dennis Kaiser

Hunt Arranges Acquisition Financing for Three MF Assets

New York-based Hunt Mortgage Group arranged $36.7-million in financing for the acquisition of three multifamily properties in Ohio, Illinois and Alabama. The assets were acquired by Bloomfield Hills, MI-based ROCO Real Estate.

The properties were financed through ROCO’s structured credit facility with Freddie Mac and Hunt. The transactions are structured as a five-year interest-only term at a variable rate based on the 30-day LIBOR.

Included in the transactions were:

  • Fox Chase Apartments (pictured), a 304-unit apartment complex located in Holland, OH, near Toledo. Hunt provided a loan in the amount of $17.6 million.
  • Knoxville Pointe Apartments, a 218-unit apartment complex in Dunlap, IL, near Peoria. Hunt provided a loan in the amount of $12.9 million.
  • Huntsville Place Apartments, an 84-unit apartment complex located in Huntsville, AL. Hunt provided a $6.2 million loan.

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
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