NEW YORK, July 31, 2018 /PRNewswire/ — Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a $14.2 million Fannie Mae loan to finance the acquisition of a multifamily property located in Marietta, Georgia. The financing was arranged by Fairchild US LLC, which is based in Charleston, South Carolina.
The property is View 75, a 214-unit, garden style apartment complex located at 1035 Franklin Road that was built in 1970. "The Sponsor intends to upgrade the property amenities and unit interiors," noted Keith Morris, Director at Hunt Mortgage Group.
"The sponsor is a seasoned commercial real estate investor that is also a repeat Hunt Mortgage Group customer," added Morris. "They are well experienced with this asset class and we were pleased to deliver on this loan for a quality client."
View 75 is located within the Atlanta MSA. Atlanta is recognized as one of the fastest growing cities in the United States and is a top business city and primary transportation hub of the southeastern region of the United States. Accessibility to the property is excellent as I-75, extends through the neighborhood and connects with I-285, approximately three miles southeast of the property.
About Hunt Mortgage Group
Hunt Mortgage Group, part of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States. The Company finances all types of commercial real estate: multifamily properties (including small balance), affordable housing, office, retail, manufactured housing, healthcare/senior living, industrial, and self-storage facilities. It offers Fannie Mae, Freddie Mac, FHA financing and its own Proprietary loan products. Since inception, the Company has structured more than $27 billion of loans and today maintains a servicing portfolio of more than $14 billion. Headquartered in New York City, Hunt Mortgage Group has 255 professionals in 24 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.
SOURCE Hunt Mortgage Group