TEMPLE, TX—Signifying continued multifamily interest in much of the state on the part of investors and lenders, a refinance loan was recently provided for the Strategic Texas Portfolio. This is a five‐property, 920‐unit, garden‐style apartment portfolio located throughout Texas. The properties are located in Abilene, TX; Temple, TX; Beaumont, TX and Brownsville, TX, and were part of a larger portfolio purchased two years ago. The owner has used the time since purchase to make exterior upgrades. Hunt Mortgage Group provided a bridge loan in the amount of $33.8 million to refinance those properties in the portfolio. “The borrowers are seasoned commercial real estate investors who are also repeat Hunt Mortgage Group clients,” said Paul Angle , managing director at Hunt Mortgage Group. “They purchased these five properties as part of a larger 22‐property multifamily portfolio in an off‐market transaction that closed in 2014. The borrower has a solid track record of successfully improving properties. Currently, the borrower manages a multifamily portfolio of more than 32 properties located throughout California and Texas. We were pleased to deliver on this refinancing loan for such a strong sponsor.” The loans are structured with an 18-month term with three separate six-month extensions and range in size from $4.5 million to $9.5 million. Thus far, the borrower has invested approximately $4 million in renovations to enhance these portfolio properties. Angle tells GlobeSt.com: "The properties within the portfolio are of 1970s and 1980s vintage and are located in secondary and tertiary markets, including Abilene, Temple, Beaumont and Brownsville. The borrower has focused the capital improvements from the time of acquisition in mid‐2014 to now with upgrades to exteriors, common areas and recreational amenities." 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. TEMPLE, TX—Signifying continued multifamily interest in much of the state on the part of investors and lenders, a refinance loan was recently provided for the Strategic Texas Portfolio. This is a five‐property, 920‐unit, garden‐style apartment portfolio located throughout Texas. The properties are located in Abilene, TX; Temple, TX; Beaumont, TX and Brownsville, TX, and were part of a larger portfolio purchased two years ago. The owner has used the time since purchase to make exterior upgrades. Hunt Mortgage Group provided a bridge loan in the amount of $33.8 million to refinance those properties in the portfolio. “The borrowers are seasoned commercial real estate investors who are also repeat Hunt Mortgage Group clients,” said Paul Angle , managing director at Hunt Mortgage Group. “They purchased these five properties as part of a larger 22‐property multifamily portfolio in an off‐market transaction that closed in 2014. The borrower has a solid track record of successfully improving properties. Currently, the borrower manages a multifamily portfolio of more than 32 properties located throughout California and Texas. We were pleased to deliver on this refinancing loan for such a strong sponsor.” The loans are structured with an 18-month term with three separate six-month extensions and range in size from $4.5 million to $9.5 million. Thus far, the borrower has invested approximately $4 million in renovations to enhance these portfolio properties. Angle tells GlobeSt.com: "The properties within the portfolio are of 1970s and 1980s vintage and are located in secondary and tertiary markets, including Abilene, Temple, Beaumont and Brownsville. The borrower has focused the capital improvements from the time of acquisition in mid‐2014 to now with upgrades to exteriors, common areas and recreational amenities." 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.