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NEW YORK, Nov. 18, 2019 /PRNewswire/ — announced today it has provided $19.7 million in Fannie Mae Green Rewards loans to finance the acquisition of a three-property multifamily portfolio located in Delaware County, Pennsylvania that totals 189 units.
The deal was brought to Hunt Real Estate Capital by George Johnson at Rittenhouse Capital Advisors. The sponsors of the acquisition are James Robertson, Matthew Robertson, and Robert Roskamp.
The properties included in the portfolio consist of:
“Both Springfield and Media are located within the Philadelphia MSA in strong, infill locations,” noted Harris Heller, Managing Director at Hunt Real Estate Capital. “Springfield Place and Rolling Green Apartments are located in a desirable inner ring suburb of Philadelphia with good school districts, and are a short distance from a large number of supporting services, such as mass transit and retail. Media Towers is located in Downtown Media, which is walking distance to all the amenities the dynamic borough has to offer.”
About Hunt Real Estate Capital
, a division of Hunt Capital Holdings LLC, (“HREC”) is a leader in financing, investing and managing multifamily housing and commercial real estate. HREC 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. To learn more, visit .
MEDIA CONTACT Michael Ratliff Hunt Real Estate Capital 212-588-2163
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SOURCE Hunt Real Estate Capital