REBusinessOnline

Hunt Real Estate Capital Provides $6M Acquisition Loan for Multifamily Property in Little Rock

Northwest Hills Apartments features a swimming pool with a sun deck and hot tub, wooden entertaining deck and a clubhouse.

LITTLE ROCK, ARK. — Hunt Real Estate Capital has provided a $6 million Fannie Mae loan to an undisclosed borrower for the purchase of Northwest Hills Apartments in Little Rock. The loan has a 10-year term with a fixed interest rate of 5.52 percent, amortizing over 30 years after two years of interest-only payments. The apartment community comprises 42 one-bedroom units and 84 two-bedroom units across 13 two-story buildings. The asset was originally built in 1984. Amenities include a swimming pool with a sun deck and hot tub, wooden entertaining deck and a clubhouse.

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