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California  + San Diego  + Finance  | 

Hunt Provides Freddie Mac Small Balance Loan for El Cajon Refi

Hunt Real Estate Capital provided a Freddie Mac Small Balance Loan in the amount of $5.2 million to refinance Lincoln Palms, a multifamily property located in El Cajon, CA. The borrower was 191 South Lincoln Avenue, LLC in a transaction arranged by Hugh Seifert of Barrington Capital that was structured as a 20-year loan with a 10-year fixed-rate period.

Lincoln Palms is a 48-unit, walk-up style apartment community that is comprised of three buildings that are currently 100% occupied. There are 53 parking spaces available onsite. The property was built in 1967 and most units have been upgraded.

Hunt Real Estate Capital’s Jack Alvarez says, “[The borrower] secured the new loan to refinance existing debt with plans to invest back into Lincoln Palms and pursue additional multifamily opportunities in the local market.”

The unit mix includes 31 one-bedroom, one-bathroom units and 17 two-bedroom, one-bathroom apartments. Some of the units have private patios/balconies.

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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