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Hunt Mortgage Closes on First CLO

The lender's first-ever collateralized loan obligation will provide Hunt Mortgage Group with “a predictable and stable source of long-term non-recourse balance sheet financing,” says president James Flynn.

By Paul Bubny | paulbubny | Updated on August 18, 2017

James Flynn of Hunt Mortgage Flynn calls the debut CLO “a major milestone” for Hunt Mortgage Group.

NEW YORK CITY—Hunt Mortgage Group said Friday it had closed on its first commercial real estate collateralized loan obligation, Hunt CRE 2017-FL1. It will finance approximately $350 million of Hunt Mortgage Group-originated floating-rate bridge loans.

James Flynn, president and CIO at New York City-based Hunt Mortgage, calls the debut CLO “a major milestone” for the company. It provides the company with “a predictable and stable source of long-term non-recourse balance sheet financing which will serve to supplement our existing warehouse lines.”

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