Hunt Lines Up Freddie SBA Loans on Bronzeville Portfolios
Hunt Real Estate Capital has provided two Freddie Mac Small Balance Loans totaling $7.42 million to finance the acquisition of two multifamily portfolios totaling 90 units and located in the South Side’s Bronzeville neighborhood. Both transactions will have a tenant-in-common (TIC) structure.
The portfolios include Bronzeville North (pictured), a multi-property, walk-up portfolio located at 4340, 4343, 4501 and 4846 S. Michigan Ave., and 4915 and 4919 S. Calumet Ave.; and Bronzeville South, including 5726, 5730 and 5901 S. Prairie Ave., 5216 S. Michigan Ave. and 6152 S. Evans Ave. Hunt provided $4.18 million on Bronzeville North and $3.24 million on Bronzeville South.
“The borrower is a quality, seasoned sponsor that has closed seven transactions with both Hunt Real Estate Capital and Freddie Mac, and all of their properties are performing well,” said Owen Breheny, managing director at Hunt. Jeffrey and Susan Drawdy are the transaction guarantors.
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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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