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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

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

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