NEW YORK, March 22, 2017 (GLOBE NEWSWIRE) -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided three Fannie Mae loans totaling $62,595,000 to enable the acquisition of multifamily properties located in Farmers Branch (Las Colinas) and San Antonio, Texas and the refinance of a multifamily property located in Houston, Texas, all for the same Sponsor – Mr. Charlie Yalamanchili and Ilan Investments, LLC.
All three loans were also closed utilizing Fannie Mae’s “Green Rewards” financing program which allowed Hunt Mortgage Group to fund the borrower’s planned energy- and water utility-saving improvements and achieve lower interest rate pricing.
“Charlie Yalamanchili is a premier commercial real estate and multifamily investor and a repeat Hunt Mortgage Group and Fannie Mae client,” explained Vic Clark, Senior Managing Director & National Production Leader at Hunt Mortgage Group. “We have a 20-year history financing Mr. Yalamanchili and are extremely pleased to be closing Fannie Mae and bridge loans for him. We look forward to continuing this long-term relationship.”
“Working with Charlie’s Houston and Austin team was a pleasure – especially as we navigated through a tumultuous time in the market after the election in November,” added Colin Cross, Director and head of the Dallas Originations Team at Hunt Mortgage Group. “The transactions were successful thanks to Charlie and his experienced team of true professionals. We are thrilled with the executions on such great pieces of real estate and for a great customer.”
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.