ATLANTA—Despite plenty of talk that Fannie Mae and Freddie Mac are going to run out of funding before the end of the year, deals are still getting done. Some of them are large and some of them are small.

Hunt Mortgage Group, a commercial real estate lender, provided a $5 million Fannie Mae DUS loan. The acquisition loan finances a multifamily housing property Atlanta's white-hot market, in which even so-called second ring areas are gaining traction.

The borrower is Roco—Hidden Village, LLC, a Michigan Limited Liability Company. The transaction is structured with a 10-year term with a 9.5-year yield maintenance period and 30-year amortization.

“The borrower is a repeat Fannie Mae and Hunt Mortgage Group client,” Josh Messier, vice president at Hunt, tells GlobeSt.com. “They are seasoned commercial real estate investors with a solid track record of success and they are expanding their footprint in the market. These factors contributed to a seamless and efficient execution.”

Roco acquired Hidden Villages Apartments, a garden style multifamily complex with 22 buildings and over 180 units. The buildings were developed in 1972 with 218,296 square feet of rentable space and sit on a 17.83-acre parcel of land.

The multifamily asset is located in the South Fulton submarket, eight miles from Downtown Atlanta, seven miles from the Hartsfield-Jackson Atlanta International Airport and six miles from the Fulton County Airport. The area surrounding Hidden Villages is primarily residential, but the property is located near grocery stores, restaurants, and a public middle and high school.

“Hidden Villages has been well maintained by the ownership team, is in good condition and exhibits no deferred maintenance,” Messier says. The property is currently 99% occupied and offers 334 open parking spaces, a swimming pool and laundry rooms.