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Hunt Delivers $17M Refi for Trio of Bakersfield MFs
Hunt Mortgage Group provided two Freddie Mac Small Balance Loans and a Fannie Mae Conventional Green mortgage to refinance a three-property multifamily portfolio located Bakersfield, CA. The Hunt Mortgage Group investment totaled roughly $17 million.
Hunt’s Chris Warren says, “The borrowers are experienced commercial real estate owners that reside in Bakersfield, and have approximately 40 years of experience in multifamily real estate.”
The properties include:
– Village Lane Apartments: a 200-unit property at 5101 Marsha St. Hunt provided a $6-million Freddie Mac Small Balance Loan to refinance the asset.
– River Oaks Apartments: a 46-unit property at 336 Roberts Lane and 314 & 400 Locust St. Hunt provided a $1.86-million Freddie Mac Small Balance Loan to refinance the property.
– Park Villa Apartments (pictured): a 224-unit apartment community at 1405 White Lane. Hunt provided a $9-million Fannie Mae Conventional Green mortgage to refinance the asset. The loan will be executed as a Green Rewards Mortgage Loan.
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