Under the new program, Hunt Mortgage will provide loans between $1 million to $5 million to borrowers seeking to invest in multifamily properties nationwide. The small portfolio loan product was launched Oct. 1. This is Freddie Mac's first product exclusively targeting the small loan market.
‘Hunt Mortgage Group is a well-known national leader in mortgage financing for both traditional and affordable multifamily and is well versed in structuring loans via Freddie Mac products,’ comments Rick Warren, senior managing director at Hunt.
This is the fourth new product offered by Hunt Mortgage Group this year. Previously, the firm announced the creation of a manufactured housing finance platform, a multifamily bridge loan program, and a small loan portfolio-lending program for multifamily and mixed-use properties.
‘We have a wonderful working relationship with Freddie Mac and a solid team of production and underwriting specialists with particular expertise in structuring small loans,’ adds Warren.