Hunt Mortgage Group Selected by Freddie Mac to Offer New Small Balance Lending Product
— Among Select Number of Firms to Offer New Program —
New York, NY — November 7, 2014 —Hunt Mortgage Group, a commercial real estate lender, announced today it has been selected by Freddie Mac to be among a select few lenders to offer the Agency’s new Small Business Lending product.
Under the new program, Hunt Mortgage Group will provide small loans between $1-5 million to borrowers nationwide. The small portfolio loan product was launched October 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,” commented Rick Warren, Senior Managing Director at Hunt. “We were honored to be selected to be among the first to offer this new product and are pleased to add it to our stable of small loan products.”
This is the fourth new product being offered by Hunt Mortgage Group this year. Previously the firm announced the creation of: 1) a manufactured housing finance platform, 2) a multifamily bridge loan program, and 3) 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,” added Warren. “Hunt is adept at navigating the Agency’s channels and can get through the decision-making process in a quick and efficient manner.”
About Hunt Mortgage Group
Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a specialty finance company focused on financing commercial real estate nationwide. The Company specializes in financing multifamily properties, but also finances: affordable housing, manufactured housing, healthcare/senior living, office, retail, industrial, and self-storage facilities throughout the United States. It offers Fannie Mae, Freddie Mac, HUD/FHA and its own proprietary loan products. The Company maintains a servicing portfolio of over $10.4 billion. Headquartered in New York City, Hunt Mortgage Group is comprised of 129 employees located in 15 locations throughout the United States. To learn more about Hunt Mortgage Group, visit www.huntmortgagegroup.com.