Hunt Mortgage Group Arranges Loans for Breton Mill, Champion Oaks and Ravello at Tuscan Lakes
lan Investments, a privately-held multifamily real estate investment manager headquartered in Houston, secured roughly $61.5 million in non-recourse bridge and permanent Fannie Mae loans to finance three of the company's multifamily properties in the Houston market.
The three garden-style communities are the 392-unit Breton Mill complex at 13555 Breton Ridge St. in Houston; the 252-unit Champion Oaks community at 14150 Wunderlich Dr. in Houston; and the 244-unit Ravello at Tuscan Lakes at 1750 E. League City Pky. in League City.
The Fannie Mae refinance loan for Breton Mill features a 10-year term with four years of interest only payments, a 30-year amortization period, and a 9.5-year yield maintenance period.
The Fannie Mae refinance loan for Champion Oaks has a 10-year term with five years of interest only payments, a 30-year amortization period, and a 9.5-year yield maintenance period, while the financing for Ravello at Tuscan Lakes is structured as a 24-month floating rate loan with two six month extension options.
Hunt Mortgage Group provided the loans.
