Hunt Mortgage Group Refinances a Mixed-use Property Located in Columbus, OhioNew York, NY — March 24th, 2016
Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a $40 million Freddie Mac loan to finance a Class A mixed-use property located in downtown Columbus, Ohio.
Highpoint on Columbus Commons was built in 2014 by Carter Real Estate. The property has two six-story buildings that contain 301 apartment units and 23,302 square feet of retail space. The borrower is backed by Robert J. Weiler, Sr. and Donald W. Kelley. It was financed with a 10-year, fixed rate loan secured by a first lien that refinanced their construction loan.
“The Weiler and Kelley families are well-known real estate investors in Columbus and Hunt Mortgage Group is proud to have them as clients,” commented Keith Morris, Vice President at Hunt Mortgage Group. “The Property has an excellent and unique location adjacent to Columbus Commons, which is an amazing amenity for the tenants and downtown residents.”
Columbus Commons is a 7-acre public green space that hosts a full calendar of cultural events and other outdoor gatherings. The Commons contains the Columbus Bicentennial Pavilion, carousel, café, bocce courts, outdoor reading room and twelve gardens.
The property amenities of Highpoint on Columbus Commons include underground parking, 24-hour controlled access, a pool and outdoor barbeque area overlooking the Commons, Wi-Fi in common areas, and a 24-hour fitness facility.
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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.