REBusinessOnline

Hunt Provides Two Loans Totaling $4M for Refinancing of Multifamily Assets in El Paso

EL PASO, TEXAS — Hunt Real Estate Capital has provided two Freddie Mac loans totaling $4 million for a pair of multifamily assets in El Paso. The company provided $2.8 million for the refinancing of the 104-unit Pebble Hills Apartments and $1.2 million for the refinancing of the 64-unit Veranda Apartments. The properties were 98 and 97 percent occupied, respectively, at the time of the loan closing. Both loans were structured with 10-year terms, fixed interest rates and 30-year amortization schedules through Freddie Mac’s Small Balance Loan program. The borrower was Pomajest and Pomajest 2 LLC, a Texas-based entity.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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