Hunt Mortgage Group Provides Bridge Financing for a Multifamily Property Located in Houston, TX
RealEstateRama   -   Real Estate   -   Government   -   Nonprofit   -   Web

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.

More

SHARE

Texas RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Texas Real Estate publishing community.

RealEstateRama staff editor manage to selection and verify the real estate news for State of Texas.

Contact:

Previous articleCongresswoman Sheila Jackson Lee ANNOUNCES $12,110,241 MILLION FEMA GRANT TO HARRIS COUNTY
Next articleCongressman Cuellar Hosts Congressman Mario Diaz-Balart at World Trade Bridge