Hunt Real Estate Capital Secures $35.2M Refinancing for Multifamily Portfolio in Pennsylvania
READING, PA. — Hunt Real Estate Capital has secured a $35.2 million cash-out refinance for a four-property multifamily portfolio in Reading. The properties include a 161-unit multifamily community built in 1960; a 97-unit apartment complex built in 1969; a 77-unit, garden-style apartment complex built in 1968 and a 156-unit, garden-style apartment complex built in 1950. The Fannie Mae multifamily loans have a 12-year term and 30-year amortization schedule. The borrower was undisclosed.