DALLAS--Hunt Mortgage Group has closed two loans under the new Freddie Mac Small Balance Loan Program, GlobeSt.com has exclusively learned. Both properties are located in the Dallas area, and the total investment was $7.7 million.
The loans each have a ten-year fixed-rate term amortizing over 30 years. The deals include:
· Spanish Breeze Apartments: Hunt Mortgage Group provided a $4.5 million loan facility to refinance Spanish Breeze, a 148-unit property located in Dallas at 3619 Bolivar Drive. The property is comprised of three residential two-story buildings situated on three acres of land. The property features 81 studio/efficiency units, 62 one-bedroom units and five two-bedroom units. The borrower, Bolivar Redevelopment LLC, acquired the property in 2014 and also manages the property.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
