Hunt Mortgage Group and Metropolis Capital Advisors provide cash-out refinance through Freddie Mac for multifamily property in Southeast Washington, DC

NEW YORK, July 18, 2018 /PRNewswire/ -- 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 $7.385 million to refinance a 66-unit multifamily property located in the Barry Farm submarket of Southeast Washington, DC.

The property is owned by Solid Properties, a subsidiary of Madison Investments. Madison principals Sia Madani, Barry Madani, and Dale Denton thoroughly renovated the property and refinanced via the Freddie Mac Small Balance program to recoup rehab costs and extract trapped equity. Eric Hynek of Metropolis Capital Advisors originated the transaction and Chris Davis of Hunt Mortgage Group structured the loan. This marks the fourth time that Hunt Mortgage Group and Metropolis Capital Advisors were able to partner and execute on behalf of Madison Investments through the Freddie Mac Small Balance platform.

Davis and Hynek have partnered on seven Freddie Mac Small Balance refinances in Southeast Washington DC over the past 12 months. 

The transaction is a ten-year fixed loan, with a 30-year amortization, and a yield maintenance prepayment schedule. As with all Freddie Mac Small Balance loans, the interest rate was held from time of application, which provided substantial insulation from recent market volatility.

About Hunt Mortgage Group

Hunt Mortgage Group, a 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, FHA in addition to its own Proprietary loan products. Since inception, the Company has structured more than $27 billion of loans and today maintains a servicing portfolio of more than $14.8 billion. Headquartered in New York City, Hunt Mortgage Group has 255 professionals in 24 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.

About Metropolis Capital Advisors

Metropolis Capital Advisors LLC is a Bethesda-based real estate advisory firm specializing in structured finance and investment sales transaction services. For a complete description of the company's commercial real estate services, visit www.metcapadvisors.com.

MEDIA CONTACTS
Brent Feigenbaum
Hunt Mortgage Group
212-317-5730
[email protected]

Pam Flores
773-218-9260
[email protected]

SOURCE Hunt Mortgage Group

Related Links

http://www.huntmortgagegroup.com