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Chicago & Midwest  + Midwest  + Finance  | 

New-Build Multifamily in OH Gets Freddie Mac Loan

Hunt Real Estate Capital has provided a $33.2-million Freddie Mac multifamily loan to refinance a Dayton, OH property. The ownership of the newly-constructed Water Street Residential is a partnership of two single-purpose limited liability companies.

The 15-year loan was originated, and the borrower was represented by, MSF Real Estate Capital, based in Dublin, OH. MSF’s Chad Kiner and A.J. Mangan led the team that placed the loan with Hunt Real Estate Capital.

“Water Street Residential was built in two phases in 2015 and 2018, and is in excellent physical condition,” noted Greg Cazel, managing director at Hunt Real Estate Capital. “The second phase of the property leased up faster than expected, and the property has quickly become a desired place to live.”

Cazel added that the borrower has more than 40 years of real estate development, acquisition, disposition and management expertise.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Financing
  • ◦Sale/Acquisition
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