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Four multifamily properties in Dallas have been refinanced with Fannie Mae and Freddie Mac loans arranged by Hunt Mortgage Group. The $37M worth of loans were structured for the same owner.
Hunt provided a 10-year fixed-term loan with five years interest-only followed by a 30-year amortization schedule and a 9.5-year yield maintenance period for a Fannie Mae loan for Glenshire Villas Apartments and Richland Village Apartments.
Glenshire Villas at 12222 Quail Drive in Balch Springs got $21M worth of refinancing. Glenshire is a garden-style facility composed of 484 units in 89 two-story residential buildings. The owner acquired the property in 2007.
Richland Village at 9999 Walnut St. in Dallas got a $7.5M loan. The garden-style property built in 1980 has 13 two-story residential buildings with 216 units. The property has two common laundry rooms, two tennis courts, an outdoor pool, covered parking structures and carports.
Two Freddie Mac loans for Garden Plaza Apartments and Briarwyck Apartments included deferred collection of replacement reserves, repairs and insurance escrows.
Hunt provided a $4.35M loan for the 112-unit Briarwyck at 10110 Walnut St. in Dallas to refinance this property and pay off maturing, securitized financing.
Hunt Mortgage Group provided a $3.9M loan for the 102-unit Garden Plaza at 2701 West Pioneer Drive in Irving to refinance the property and retire a maturing, securitized loan.
Quantum Capital Partners provided comprehensive mortgage banking services to the borrower.
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