ATLANTA—Despite plenty of talk that Fannie Mae and Freddie Mac are going to run out of funding before the end of the year, deals are still getting done. Some of them are large and some of them are small.
Hunt Mortgage Group, a commercial real estate lender, provided a $5 million Fannie Mae DUS loan. The acquisition loan finances a multifamily housing property Atlanta's white-hot market, in which even so-called second ring areas are gaining traction.
The borrower is Roco—Hidden Village, LLC, a Michigan Limited Liability Company. The transaction is structured with a 10-year term with a 9.5-year yield maintenance period and 30-year amortization.
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