Hunt Mortgage Arranges Acquisition Financing for Boca Raton MFs
Hunt Mortgage Group provided a Freddie Mac Small Balance loan to finance the acquisition of a five-property multifamily portfolio. The properties are all located in Boca Raton, FL, and Hunt Mortgage Group provided a total of $15.2 million for the acquisition.
The loan is a non-recourse, 5+15 year fixed to floating rate with 30-years of amortization and a standard yield maintenance prepayment structure. The borrowers are Kimberly Sorrentino and Lawrence Rolnick.
– Whispering Palms Apartments, 4850 NE 5th Ave., 54 units
– Sabal Palm Apartments, 665 Glouchester St., 18 units
– Caribbean Apartments, 690 Kingsbridge St., 15 units
– Del Rio Apartments, 480 W. Camino Real, 33 units
– Villa Rica Apartments, 4670 NE 5th Ave., 17 units
For comments, questions or concerns, please contact Dennis Kaiser