Lument recently closed a $52.1 million Fannie Mae conventional loan to refinance Huntington Village, a 671-unit multifamily community in Warner Robins, GA. WRF Housing LLC, an affiliate of Hunt Companies was the sponsor for this transaction and Steve Beltran, Managing Director with Lument led it.
The 266-acre low-density property consists of 454 one story buildings that were constructed in multiple phases between 1954 and 2001. Originally designated as military housing but now repositioned as affordable multifamily housing for primarily low income renters; the refinancing is expected to help further enhance the community’s quality while providing cost effective permanent financing options for its residents.
“Working with this experienced mission driven sponsor has been rewarding,” said Beltran “and we are proud to have provided bridge financing when needed earlier this year.” He continued by saying “With low cost permanent financing now in place our shared vision can be realized; making Huntington Village a premier choice for quality affordable housing in central Georgia.”
