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Monday, 13 November 2017

Hunt Lends $61.5Mln Against Houston Apartment Portfolio

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Commercial Real Estate Direct Staff Report

Hunt Mortgage Group has provided a total of $61.5 million of Fannie Mae financing against a portfolio of three apartment properties with 888 units in the Houston area.

Ilan Investments of Houston was the borrower. The properties and the terms of the debt against them are:

- Ravello at Tuscan Lakes, with 244 units at 1750 East League City Parkway in League City, Texas. The floating-rate loan against the property has a two-year term and comes with a pair of six-month extension options. It also has a $150,000 capital improvement reserve that will be used for exterior renovations;

- Breton Mill, with 392 units at 13555 Breton Ridge St. in Houston. The property's 10-year loan pays only interest for the first four years, after which it amortizes over a 30-year schedule, and

- the 252-unit Champion Oaks, at 14150 Wunderlich Drive in Houston. It too backs a 10-year loan, but pays only interest for the first five years. After that, it amortizes over a 30-year schedule.

The loans against Breton Mill and Champion Oaks were written through Fannie's Green Rewards program, which provides for reduced pricing to fund energy or water-efficiency upgrades.

Comments? E-mail Jenny Robinson or call her at (267) 247-0114.


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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Houston
  • States: Texas
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $50 million and $100 million
  • Private: No
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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