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Tuesday, 12 February 2019

Hunt Writes $30Mln Fannie Loan Against Baton Rouge, La., Apartments

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Hunt Real Estate Capital has originated a $30 million Fannie Mae loan against the 224-unit River House Apartments in Baton Rouge, La.

The loan, which Eyzenberg & Co. of New York arranged, has a 10-year term and requires only interest payments for the first two years. After that, it amortizes on a 30-year schedule.

The property, which is owned by its developers, Emanuel Organek and Marc Blumberg, was built in 2017. It has four buildings with 168 one-bedroom and 56 two-bedroom units that have stainless-steel appliances, stone countertops, hardwood floors and washers and dryers.

River House, at 101 River House Place, includes a courtyard, swimming pool, fitness center, dog park and grilling area. It also has 16,000 square feet of retail space and 32,000 sf of offices. It is next to the Water Institute of the Gulf, a Mississippi Levee bicycle path and one mile from the main campus of Louisiana State University.

Comments? E-mail Tim Casey or call him at (267) 397-3347.



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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Baton Rouge
  • States: Louisiana
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Company: Fannie Mae
  • Valuation: Between $25 million and $50 million
  • Private: No
Read 1015 times Last modified on Wednesday, 13 February 2019

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

RCA CPPI

 

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CMBS 2.0 Spreads

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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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