Le Lézard
Classified in: Business
Subjects: FNC, RLE

Hunt Mortgage Group Finances the Acquisition of a Three-Property Multifamily Portfolio Located in Palm Beach County, Florida


NEW YORK, March 27, 2018 /PRNewswire/ -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it financed the acquisition of three multifamily properties located in Palm Beach County, Florida. The three Freddie Mac Small Balance Loans totaled $19.1 million.

 (PRNewsfoto/Hunt Mortgage Group)

The borrower is Typhon Realty Limited, LLC, a New Jersey limited liability company, backed by key principals Kimberly Sorrentino, Lawrence Rolnick and Austin Rolnick. The properties include:

"The borrower on this three-property portfolio deal is a seasoned commercial real estate and multifamily investor that is also a repeat Freddie Mac and Hunt Mortgage Group client," noted Bill Papagno, Director at Hunt Mortgage Group.

All three properties are located in the Green Acres submarket of the Palm Beach Metro area.  Palm Beach is located on Florida's southeast coast, north of Broward County, south of Martin County, east of Hendry County, and west of the Atlantic Ocean. 

"The borrower has a solid track record of success," added Papagno. "We were pleased to provide the financing needed to acquire these three properties to a quality investor in a strong multifamily locale."

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 $13.4 billion. Headquartered in New York City, Hunt Mortgage Group has 232 professionals in 25 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]

SOURCE Hunt Mortgage Group


These press releases may also interest you

at 10:30
Unifi Aviation is making a pledge to employ 500 refugees over the next three years, a commitment the company made at the second annual TENT U.S. Business Summit on Refugees hosted by Pfizer at its global headquarters in New York City on March 26....

at 10:15
Today, Investopedia announced the winners of its 2024 Best Online Broker Awards, featuring 14 categories highlighting winners whose products and services helped investors navigate rising but volatile markets, a crypto resurgence, and new assets like...

at 10:12
NerdsToGo®, a leading information technology (IT) solutions and technology repair services franchise for both business and home, announced today plans for its strategic expansion throughout the greater Chicago area with 20 new territories available...

at 10:10
The group division of Ameritas proudly announces its 17th consecutive certification as a BenchmarkPortal Center of Excellence, solidifying its position as a leader in customer service and support excellence. This prestigious recognition for 2023...

at 10:00
Frost & Sullivan recently researched the customer experience outsourcing services industry and, based on its findings, recognizes AeC with the 2023 Company of the Year Award. AeC is connecting technology with outstanding customer service to increase...

at 10:00
Seniors Helping Seniors® in-home care services, a franchisor with over 125 franchise partners and more than 200 territories nationwide, has grown rapidly in recent years by building a workforce of talented caregivers who create meaningful...



News published on and distributed by: