MHNONLINE: Hunt refinances two Wisconsin properties
Hunt Mortgage Group has provided two Fannie Mae loans to refinance two Wisconsin properties. Prairie Landing, a 150-unit asset in Sharon, Wisc., received a $3 million loan. The 1973-built asset features 26 two-story buildings. The borrower, Prairie Landings LLC, acquired the property in late 2013. The loan terms include a 10-year term, two years interest only followed by 30 year amortization period and a 9.5 year yield maintenance period.
Hunt Mortgage Group
Hunt Mortgage Group, a wholly owned subsidiary 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, HUD/FHA in addition to its own Proprietary loan products. Since inception, the Company has structured more than $21 billion of loans and today maintains a servicing portfolio of more than $12.5 billion. Headquartered in New York City, Hunt Mortgage Group has 191 professionals in 23 locations throughout the United States.