Hunt Real Estate Capital Forms Manufactured Housing Finance Task Force
“The goal of our dedicated team of MHC originators and underwriters is very simple: deliver the best loan terms with VIP customer service,” says Chad Thomas Hagwood, Hunt Real Estate Capital MHC Production Head.
NEW YORK CITY—Locally-based Hunt Real Estate Capital reports it has formed a Manufactured Housing Community Strike Force to serve and promote the financing needs of manufactured housing community owners and developers across the nation.
The firm reports that the initial members of the MHC origination team include Chad Thomas Hagwood, Hunt Real Estate Capital MHC Production Head; Owen Breheny, Hunt Real Estate Capital Managing Director; Josh Messier, Hunt Real Estate Capital Managing Director and Brandon Pate, Hunt Real Estate Capital Vice President.
“By combining our expertise and years of experience in the MHC space, we will compound our ability to deliver outstanding loan terms and exceptional service to the community owners so they can remain focused on operating and expanding their investments,” Hagwood says. “The goal of our dedicated team of MHC originators and underwriters is very simple: deliver the best loan terms with VIP customer service.”
Hagwood notes that the firm will offer Fannie Mae, Freddie Mac, SBL, and its own proprietary loan programs for manufactured housing acquisition and refinancing transactions.
“For owners seeking transitional financing, our balance sheet bridge program allows a quick and efficient execution. We are really delivering an array and expertise of financing options across the spectrum with the MHC Strike Force,” Hagwood says.
The MHC Strike Force team will make its debut at the Manufactured Housing Institute’s 2019 Congress & Expo on May 6-8 in New Orleans.
Hunt Real Estate Capital, a division of Hunt Capital Holdings LLC, is a leader in financing, investing and managing multifamily housing and commercial real estate. The firm is a source of debt and equity capital for multifamily, affordable housing, manufactured housing, healthcare/senior living, retail, office, industrial, self-storage, and mixed-use assets through Fannie Mae, Freddie Mac, FHA, its own balance sheet and managed public and private investment vehicles. HREC is the third largest multifamily property manager in the US.
The company has been active this month with financing deals in Ohio, Arizona and Florida. Globest.com reported on April 22 that Hunt Real Estate Capital provided a $33.2-million Freddie Mac multifamily loan to refinance Water Street Residential, a multifamily property at 427 Water Street in Dayton, OH.
On April 16, Hunt Real Estate Capital announced it provided a Freddie Mac multifamily loan in the amount of $8.98 million to refinance the 152-unit fractured condo community Ranco Palos Verde in Mesa, AZ.
Earlier in the month, Hunt Real Estate Capital reported it provided two loans to finance the acquisition and rehabilitation of an affordable senior housing property located in Pinellas Park, FL. The firm provided an $11-million affordable multifamily loan and a bridge loan in the amount of $8.8 million for the 104-unit affordable senior housing property.