Hunt Mortgage Group Provides Bridge Financing for a Multifamily Property Located in Houston, TX

New York, NY – October 14, 2015 – (RealEstateRama) — Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided a bridge loan in the amount of $12.7 million to refinance and re-position Winding Trails Apartments, a multifamily property located in Houston, Texas.

“The purpose of this loan is to provide bridge financing so the borrower can refinance the maturing existing loan, and then complete a property renovation to achieve operational upside before obtaining a new permanent loan,” explained Vic Clark, Managing Director at Hunt Mortgage Group.”

“Charlie is an experienced commercial real estate and multifamily investor and a repeat Hunt Mortgage Group client,” added Clark. “Hunt Mortgage Group recently provided him a $9.6 million loan to refinance Hyperion Apartments, a multifamily property in San Antonio, Texas.

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