HOUSTON—Houston and Dallas' expanding populations during the past few years have resulted in a strong demand for quality, affordable multifamily options. In a move to promote sustained inventory in those metros, a $119-million loan was recently completed by Hunt Mortgage Group 's Atlanta team. The portfolio consisted of 10 multifamily properties with 2,416 total units. The properties were refinanced with loan amounts on the individual properties ranging from $8.5 million to $16.8 million, all completed through the Freddie Mac floating rate program. “Hunt Mortgage Group facilitated the acquisition of all of these properties for the borrower in 2013 and 2014, and the borrower has invested in significant capital improvements at each location since that time,” noted John Beam , Atlanta managing director at Hunt Mortgage Group. The borrower is a seasoned commercial real estate and multifamily investor, a repeat Hunt Mortgage Group client and a new select sponsor. “What was great about this portfolio is that the work completed by the borrower significantly increased the net rental income and NOI,” said James Kelly , vice president in the Hunt Mortgage Group Atlanta office. All of the properties offer competitive amenity packages. These properties are all 1980s vintage and address the affordable unit needs in both markets. Furthermore, the properties are managed by a sponsor-affiliated management firm that continues to serve the tenants and add value. Beam tells GlobeSt.com: "Recently the market fundamentals in Houston have been a bit challenging; however Hunt Mortgage Group was able to provide the client with excellent loan terms. Customer service and closing on time as promised are of the utmost importance at Hunt Mortgage Group." Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. HOUSTON—Houston and Dallas' expanding populations during the past few years have resulted in a strong demand for quality, affordable multifamily options. In a move to promote sustained inventory in those metros, a $119-million loan was recently completed by Hunt Mortgage Group 's Atlanta team. The portfolio consisted of 10 multifamily properties with 2,416 total units. The properties were refinanced with loan amounts on the individual properties ranging from $8.5 million to $16.8 million, all completed through the Freddie Mac floating rate program. “Hunt Mortgage Group facilitated the acquisition of all of these properties for the borrower in 2013 and 2014, and the borrower has invested in significant capital improvements at each location since that time,” noted John Beam , Atlanta managing director at Hunt Mortgage Group. The borrower is a seasoned commercial real estate and multifamily investor, a repeat Hunt Mortgage Group client and a new select sponsor. “What was great about this portfolio is that the work completed by the borrower significantly increased the net rental income and NOI,” said James Kelly , vice president in the Hunt Mortgage Group Atlanta office. All of the properties offer competitive amenity packages. These properties are all 1980s vintage and address the affordable unit needs in both markets. Furthermore, the properties are managed by a sponsor-affiliated management firm that continues to serve the tenants and add value. Beam tells GlobeSt.com: "Recently the market fundamentals in Houston have been a bit challenging; however Hunt Mortgage Group was able to provide the client with excellent loan terms. Customer service and closing on time as promised are of the utmost importance at Hunt Mortgage Group." Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.