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Hunt Mortgage Group Originates $144 Million for Its First Securitization in Freddie Mac's Guaranteed Small Balance Loan Program


/EINPresswire.com/ -- NEW YORK, NY -- (Marketwired) -- 11/06/15 -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today that it has originated and delivered to Freddie Mac 66 loans totaling approximately $144 million for its first securitization in Freddie Mac's guaranteed Small Balance Loan program.

Freddie Mac's guaranteed Small Balance Loan offering, which Hunt Mortgage Group began selling since the program's inception in October 2014, includes fixed-rate and hybrid adjustable-rate mortgage loans ranging primarily from $1 million to $5 million (with five or more units) on multifamily acquisitions or refinancings.

Hunt Mortgage Group is one of a select few lenders originally chosen by Freddie Mac to offer the Agency's Small Balance Lending product.

"Hunt is known as a national leader in structuring loans using Freddie Mac products and was honored to be selected by Freddie Mac to deliver these small balance loans at the outset of the program," said Rick Warren, a Senior Managing Director at Hunt Mortgage Group heading up the small balance lending program. "We knew Freddie Mac's small balance loan product would be extremely competitive and attractive to our clients in the smaller multifamily sector, and we aggressively began offering the product."

"Hunt Mortgage Group is known for their expertise in the small balance arena and has solid inroads in many of the markets and among the investors for which this product is a target," added James Flynn, Senior Managing Director and Chief Investment Officer at Hunt Mortgage Group. "We are pleased to reach this milestone with Freddie Mac and look forward to offering this option to other multifamily owners nationwide."

The 66 small balance multifamily mortgage loans are secured by 66 mortgaged real properties. Each mortgage loan has a mortgage interest rate that is either fixed until the maturity of the loan or fixed for an initial period that expires 5, 7 or 10 years following the origination of the loan, and is adjustable on semi-annual reset dates during the remaining term.

Hunt Mortgage Group has aggressive growth plans in the Small Balance sector. "For the first half of the year we have been actively recruiting regional executives nationally who understand the space and can help us bolster this effort," continued Warren. "We have built a strong team of local experts to deliver this unique product and are confident they will expand our footprint in key markets to achieve our overall growth goals."

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, hospitality, industrial, and self-storage facilities. It offers Fannie Mae, Freddie Mac, HUD/FHA in addition to its own Proprietary loan products including balance sheet, conduit and floating rate CLO financing. Since inception, the Company has structured more than $20 billion of loans and today maintains a servicing portfolio of more than $11 billion. Headquartered in New York City, Hunt Mortgage Group is comprised of 153 employees located in 16 locations throughout the United States. To learn more about Hunt Mortgage Group, visit www.huntmortgagegroup.com.

MEDIA CONTACTS
Brent Feigenbaum
Hunt Mortgage Group
212-317-5730
Email Contact

Pam Flores
773-218-9260
Email Contact


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