Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
NEW YORK, April 13, 2017 -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided a Freddie Mac Small Balance loan in the amount of $5.9 million to enable the acquisition of a multifamily property located in Cincinnati, Ohio.
Magnolia Pointe and Eastgate Gardens is a 170-unit garden style apartment complex consisting of a two parcels on 8.57-acres of land. The property is comprised of eight two-story apartment buildings and a one-story leasing office/maintenance building.
The loan is a ten-year fixed rate loan with one-year of interest only followed by 30-years of amortization and a yield maintenance prepayment. The borrower is MPE Partners, LLC, a single-purpose, Ohio Limited Liability Company.
“The borrowers are veteran commercial real estate executives with more than 80 years of combined multifamily ownership and management experience,” noted Daniel Eibler, Director at Hunt Mortgage Group. “The borrowers are also repeat Hunt Mortgage Group and Freddie Mac customers. We have delivered on three other loans for this borrower over the past two years. We were pleased to fund the acquisition of this property for a quality repeat borrower.”
The financing was coordinated by James Huff of C4 Financial.
Property amenities include a pool, concrete-paved walkways, landscaping, and asphalt-paved parking areas. The apartment buildings were constructed in 1969 and the property is 96% occupied.
Magnolia Pointe and Eastgate Gardens is located in the eastern portion of Cincinnati, in an area with multiple land uses, including office, single-family homes, multi-family apartments, and other commercial uses.
The property offers one-bedroom, two-bedroom and three-bedroom unit types. Parking is furnished on-site via 391 parking spaces.
About Hunt Mortgage Group
Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States. The Company finances all types of commercial real estate: multifamily properties (including small balance), affordable housing, office, retail, manufactured housing, healthcare/senior living, industrial, and self-storage facilities. It offers Fannie Mae, Freddie Mac, HUD/FHA in addition to its own Proprietary loan products. Since inception, the Company has structured more than $21 billion of loans and today maintains a servicing portfolio of more than $12 billion. Headquartered in New York City, Hunt Mortgage Group has 189 professionals in 20 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.
MEDIA CONTACTS Brent Feigenbaum Hunt Mortgage Group 212-317-5730 [email protected] Pam Flores 773-218-9260 [email protected]
