Five Oaks Investment Corp., externally managed by Hunt Investment Management, is acquiring Hunt CMT Equity LLC from Hunt Mortgage Group for approximately $68 million. Hunt CMT’s assets include a collateralized loan obligation pool, a licensed commercial mortgage lender and eight loan participations.
“This transaction provides the company with attractive floating rate investments which we anticipate will produce higher returns for our investors while decreasing our overall leverage,” said Five Oaks CEO James Flynn, who’s also Hunt Mortgage’s president and CIO.
Five Oaks’ president, Michael Larsen, said the deal was “the first of what we anticipate to be a series of similar ongoing investments by the company in the commercial mortgage space.”
The CLO pool is financed by $290.7 million of investment-grade notes, with a weighted-average cost of 138 basis points over one-month LIBOR. The eight mortgage loans have a portfolio balance of $346.3 million, backed by various property types.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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