Vineyard Springs is a garden-style apartment complex comprised of 23 three-story residential buildings plus a single-story leasing office with a total of 364 units. The property was built in 2000 and is located at 18200 Blanco Springs in northwest San Antonio near the Stone Oak area.

Community amenities include a swimming pool with spa and fountains, second outdoor swimming pool, an outdoor kitchen and cabana with poolside grills, putting green and a dog park, clubhouse/leasing office with a recently renovated 24-hour fitness center, a separate yoga/spin studio, clubroom lounge areas with fireplace and adjacent kitchen, and a theater room with stadium seating. Parking is provided on site with a total of 546 spaces. The loan terms include a 10-year term with one-year interest only, 30-year amortization period and 9.5-year yield maintenance period.

Thorntree Apartments is a garden-style apartment complex comprised of 15 two-story residential buildings plus a single-story leasing office/clubhouse building with a total of 224 units. The property was built in 1979 and is located at 13502 North Thorntree Dr. in Houston.

Community amenities include an outdoor swimming pool, playground area, two on-site laundry facilities and an outdoor sport court for tennis and soccer. Parking is provided on site via a total of 343 spaces. The loan terms include a 10-year term, 30-year amortization period and 9.5-year yield maintenance period.

“We ran into some challenges in getting this deal done because Portofino at Las Colinas and Vineyard Springs were under application before the election and rates really went up after the election was decided,” Clark tells GlobeSt.com. “We had to work very closely with Fannie Mae and the borrower to ensure that we were able to implement on the best possible solution. In the end, we were pleased that we were able to meet the borrower's expectations and close within the tight deadlines.”

All three loans were also closed utilizing Fannie Mae's “Green Rewards” financing program which allowed Hunt Mortgage Group to fund the borrower's planned energy- and water utility-saving improvements and achieve lower interest rate pricing.

HOUSTON—Rents are still rising and stable, cap-rate spreads are healthy and the markets continue to grow. Even with the recent rise in interest rates, strong demand remains for the multifamily asset type, Vic Clark, senior managing director and national production leader at Hunt Mortgage Group, recently told GlobeSt.com in an exclusive. He predicted sales and debt originations in multifamily will continue to be strong throughout 2017 and for the next couple of years.

That prediction is coming to fruition, at least in one way, through recent Fannie Mae loans totaling $62.595 million for the acquisition of three multifamily properties. The properties are located in Farmers Branch (Las Colinas) and San Antonio, and the refinance of a multifamily property located in Houston, all for the same sponsor–Charlie Yalamanchili and Ilan Investments LLC, facilitated by Hunt Mortgage Group.

Portofino at Las Colinas is an apartment complex comprised of a single four-story residential building with integrated six-level parking garage and a total of 224 units. The property was built in 2006 and is located at 11601 Lago Vista West in Farmers Branch.

Community amenities include a swimming pool with fountain, spacious courtyard with lounge and grilling areas, 24-hour fitness facility, Club Room Lounge with billiards and shuffleboard tables, Internet café and coffee bar, and a business center. Parking is provided on site with a total of 331 spaces. The loan terms include a 10-year term with one-year interest only, 30-year amortization period and 9.5-year yield maintenance period.

Vineyard Springs is a garden-style apartment complex comprised of 23 three-story residential buildings plus a single-story leasing office with a total of 364 units. The property was built in 2000 and is located at 18200 Blanco Springs in northwest San Antonio near the Stone Oak area.

Community amenities include a swimming pool with spa and fountains, second outdoor swimming pool, an outdoor kitchen and cabana with poolside grills, putting green and a dog park, clubhouse/leasing office with a recently renovated 24-hour fitness center, a separate yoga/spin studio, clubroom lounge areas with fireplace and adjacent kitchen, and a theater room with stadium seating. Parking is provided on site with a total of 546 spaces. The loan terms include a 10-year term with one-year interest only, 30-year amortization period and 9.5-year yield maintenance period.

Thorntree Apartments is a garden-style apartment complex comprised of 15 two-story residential buildings plus a single-story leasing office/clubhouse building with a total of 224 units. The property was built in 1979 and is located at 13502 North Thorntree Dr. in Houston.

Community amenities include an outdoor swimming pool, playground area, two on-site laundry facilities and an outdoor sport court for tennis and soccer. Parking is provided on site via a total of 343 spaces. The loan terms include a 10-year term, 30-year amortization period and 9.5-year yield maintenance period.

“We ran into some challenges in getting this deal done because Portofino at Las Colinas and Vineyard Springs were under application before the election and rates really went up after the election was decided,” Clark tells GlobeSt.com. “We had to work very closely with Fannie Mae and the borrower to ensure that we were able to implement on the best possible solution. In the end, we were pleased that we were able to meet the borrower's expectations and close within the tight deadlines.”

All three loans were also closed utilizing Fannie Mae's “Green Rewards” financing program which allowed Hunt Mortgage Group to fund the borrower's planned energy- and water utility-saving improvements and achieve lower interest rate pricing.