Beyond the pure Millennial market the “renter-by-choice” market is impacting the industry.

ATLANTA—Multifamily properties across the Southeast are getting in on the commercial real estate refinancing action. Hunt Mortgage Group just refinanced a portfolio of five multifamily assets in the region. The total: $35.6 million.

Arranged for a single borrower, the commercial real estate loan term is five years. The loans come at three-years of interest-only payments, a one-year prepay lockout followed by 1% prepayment, and 30-year amortization.

“The borrower on this portfolio is a seasoned commercial real estate investor with multiple multifamily properties in its portfolio,” Steven Cox, managing director at Hunt Mortgage Group, tells GlobeSt.com. “They are known for adding value to the properties they have acquired.”

Located in Gainesville, FL and built in 1967, Williamsburg Village Apartments is a 128-unit multifamily property with 11, three-story apartment buildings and a one-story leasing office and clubhouse. The multifamily property has a student tenant base of 97% and it is located 0.7 miles away from the University of Florida in Gainesville. Enrollment at the University has been on the rise over the last four years and there is strong demand for student housing in the area.

Mount Vernon Apartments is also located in Gainesville. The property is a garden-style multifamily asset with nine, three-story buildings and one single-story leasing office building with a total of 102 units. The multifamily property is located a little more than one mile away from the University of Florida in Gainesville and has a student concentration of 97%. Mount Vernon Apartments benefits from a high occupancy and the market as a whole has a low vacancy rate of 2.3%. The property was built in 1969.

Hunters Pointe Apartments is a 394-unit multifamily property comprised of 62 one- and two-story buildings and a single-story clubhouse, maintenance building, mail kiosk, and two pool equipment buildings. The borrower acquired the multifamily asset May 2015. It is located in Charlotte.

Biscayne Apartment Homes is located in Atlanta. It is a garden-style multifamily property with 24 two-story residential buildings plus a single-story leasing office building and a single story laundry building. The property has a total of 370 units and was built in 1972.

Eastwyck Village Townhouses is also in Atlanta. The 436-unit garden-style multifamily property is 91% occupied. The property has a total of 436 units. Eastwyck Village Townhouses was purchased as a distressed asset in January 2015 and the owner has been working diligently to improve the operations through renovations and new tenants. It was constructed in 1964.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.

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.

Beyond the pure Millennial market the “renter-by-choice” market is impacting the industry.

ATLANTA—Multifamily properties across the Southeast are getting in on the commercial real estate refinancing action. Hunt Mortgage Group just refinanced a portfolio of five multifamily assets in the region. The total: $35.6 million.

Arranged for a single borrower, the commercial real estate loan term is five years. The loans come at three-years of interest-only payments, a one-year prepay lockout followed by 1% prepayment, and 30-year amortization.

“The borrower on this portfolio is a seasoned commercial real estate investor with multiple multifamily properties in its portfolio,” Steven Cox, managing director at Hunt Mortgage Group, tells GlobeSt.com. “They are known for adding value to the properties they have acquired.”

Located in Gainesville, FL and built in 1967, Williamsburg Village Apartments is a 128-unit multifamily property with 11, three-story apartment buildings and a one-story leasing office and clubhouse. The multifamily property has a student tenant base of 97% and it is located 0.7 miles away from the University of Florida in Gainesville. Enrollment at the University has been on the rise over the last four years and there is strong demand for student housing in the area.

Mount Vernon Apartments is also located in Gainesville. The property is a garden-style multifamily asset with nine, three-story buildings and one single-story leasing office building with a total of 102 units. The multifamily property is located a little more than one mile away from the University of Florida in Gainesville and has a student concentration of 97%. Mount Vernon Apartments benefits from a high occupancy and the market as a whole has a low vacancy rate of 2.3%. The property was built in 1969.

Hunters Pointe Apartments is a 394-unit multifamily property comprised of 62 one- and two-story buildings and a single-story clubhouse, maintenance building, mail kiosk, and two pool equipment buildings. The borrower acquired the multifamily asset May 2015. It is located in Charlotte.

Biscayne Apartment Homes is located in Atlanta. It is a garden-style multifamily property with 24 two-story residential buildings plus a single-story leasing office building and a single story laundry building. The property has a total of 370 units and was built in 1972.

Eastwyck Village Townhouses is also in Atlanta. The 436-unit garden-style multifamily property is 91% occupied. The property has a total of 436 units. Eastwyck Village Townhouses was purchased as a distressed asset in January 2015 and the owner has been working diligently to improve the operations through renovations and new tenants. It was constructed in 1964.

More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.

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.

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