Hunt Provides Freddie Small Balance Loan for KC Multifamily
Hunt Mortgage Group has provided a $5-million Freddie Mac Small Balance Loan to finance the acquisition of Holly Ridge Townhomes, a multifamily property in Kansas City, MO. The borrower is PI Holly Ridge LLC.
The loan is a 10-year fixed rate, with 30 years of amortization and a standard yield maintenance prepayment with the last three months open to prepayment.
“This is the borrower’s first transaction with Hunt Mortgage Group, but they are repeat Freddie Mac borrowers,” said Hunt Mortgage’s Misty Read. “They are also seasoned local multifamily investors with current ownership in 25 multifamily properties located throughout Kansas and Missouri.”
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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