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Hunt Mortgage Finances MF Acquisition

MIAMI—Alabama-based management company has purchased properties in Mississippi and Georgia.

By David Phillips | Updated on December 24, 2015

MIAMI—Hunt Mortgage Group says it has placed two loans to facilitate the acquisition of two multifamily properties located in the Southeast.

·       The Palm Apartments.  The Palm Apartments is comprised of 18 buildings that house a total of 240 units on approximately 196,000 square-feet of rentable space. The complex is located in Gulfport, Mississippi and was developed in 1985 and 1990 in two phases.  The Palm Apartments offers one-bedroom, one-bathroom and two-bedroom, one-bathroom units and features a fitness center and spa. Hunt Mortgage Group placed an $8.7 million Fannie Mae loan to enable the acquisition of this property.

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