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Hunt Refinances a St. Louis Multifamily

ST. LOUIS—Fannie Mae has recently provided several significant loans for older properties in this city.

By Brian J. Rogal | Updated on February 10, 2015

ST. LOUIS—Hunt Mortgage Group, a New York-based real estate lender, has just secured an $11 million Fannie Mae loan to refinance the Brazilia Apartments, a 328-unit St. Louis multifamily property.

Although lenders are probably more comfortable making loans in core markets like Chicago, the GSEs seem willing to commit money for St. Louis communities. As reported in GlobeSt.com, for example, Oak Grove Capital recently secured $23.2 million in Fannie Mae loans for Oak Residential Partners in its acquisition of Pine Tree Club Apartments and Westbrooke Village Apartments, two market-rate apartment communities in St. Louis.

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