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Hunt Delivers Acquisition Financing for Albuquerque MF
Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $7.7 million to finance the acquisition of a multifamily property located in Albuquerque. Sage Canyon Apartments is a 105-unit, garden-style apartment community that was built in 1985 and is situated on 3.96 acres of land.
The property is comprised of eight two-story buildings and one single-story building. The leasing office, fitness center, and common laundry facility are located in the single-story building. Entry to the property is controlled by a rolling access gate, and parking is provided on-site via 113 parking spaces.
The loan features a 12-year term with amortization based on a 30-year schedule and 48 months of interest only. The borrower is Engel Sage Canyon, LLC, an Alabama single asset entity.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition
