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Florida & Gulf Coast  + South Florida  + Finance  |  August 20, 2019
David Cohen
By: David Cohen

Hunt Secures $10M Refinancing for MF Community in Homestead

Hunt Real Estate Capital has secured a $10.5 million loan to refinance Homestead Gardens I and II, a 148-unit, garden-style multifamily community in Homestead. The property is approximately 22 miles southwest of Miami.

The property consists of two locations at 15451 SW 288th St. and 527 S. Flagler. Homestead Gardens I is a two-story property with six buildings and 103 units, while Homestead Gardens II is a two-story property with five buildings and 45 units. The two locations share one leasing office.

Hunt secured the financing on behalf of borrower Sunny Collins LLC through Fannie Mae. The financing included a 10-year term with a 30-year amortization period, and 114 months of yield maintenance.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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