Lument Secures $52.1 Million Refi for Repositioned Multifamily Community
Lument has closed a $52.1 million Fannie Mae conventional loan to refinance Huntington Village, a 671-unit multifamily community in Warner Robins, GA. The sponsor is WRF Housing, LLC, an affiliate of Hunt Companies. Steve Beltran, Managing Director with Lument, led the transaction.
Constructed in multiple phases in 1954 and 2001, the 266-acre low-density community consists of 454 one-story buildings. The property was originally designated as military housing but has since been repositioned as a multifamily community serving primarily low-income renters.
“Working with this experienced, mission-driven sponsor is always rewarding, and the Fannie Mae refinance was the ideal culmination of our shared vision for Huntington Village, which began when we provided bridge financing for the community in 2021,” said Beltran. “With low-cost, permanent financing now in place, the sponsor can focus on further enhancing the community, making it a premier choice for quality, affordable housing in central Georgia.”