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Phoenix & Southwest  + Finance  | 

Hunt Mortgage Delivers $31M Loan for PHX MF

Hunt Mortgage Group provided a first mortgage bridge loan in the amount of $30.5 million to finance the acquisition and renovation of the 240-unit Mountain Park Apartments in Phoenix. Located in prestigious Ahwatukee Foothills Village, at 4221 East Ray Rd., Mountain Park is a garden-style community held by KB Development.

The sponsor has built and developed more than 5,800 residential and multi-residential units over the last 40 years, and more than 7.3 million square feet of warehouse, distribution and office buildings. The deal represents KB Development’s fourth significant Phoenix-area multifamily purchase since 2015, all financed through Hunt Mortgage Group.

Hunt Mortgage Group’s Peter Clasquin says, “Across their Phoenix portfolio, the sponsor has greatly improved property operations in a short period of time. This performance enabled us to project Mountain Park’s future cash flow based on the same improvements and business model.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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