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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
- ◦Financing




