Hunt Real Estate Capital has provided a $38.2 million Freddie Mac Conventional Lease-Up Multifamily loan to finance the acquisition of West End Station Apartments, a 229-unit multifamily property in Winston-Salem.

The mid-rise apartment community was completed in 2019, and includes a four-story mid-rise building. There are nine different one-bedroom options and three, two-bedroom plans. The property also offers residents 286 parking spaces.

The borrower, EBSCO West End, acquired the property from a joint venture between The Carlyle Group and Chaucer Creek Capital. The loan was funded through Freddie Mac, as part of a pre-stabilization program for new construction properties in lease-up.

The property is targeted to reach stabilization early this year.

For comments, questions or concerns, please contact David Cohen

Hunt Real Estate Capital provided two Freddie Mac conventional loans totaling $18.3 million to refinance two multifamily properties located in Michigan for the same sponsor, ROCO Real Estate LLC. Both loans have a 10-year term with a 30-year amortization period.

“The borrower is a repeat Hunt Real Estate Capital and Freddie Mac client that is well versed in a range of commercial real estate and multifamily investing,” said Josh Messier, managing director at Hunt Real Estate Capital. “Both properties are performing well and are located in close proximity to both employment centers and major roadways.”

Hunt provided a $9.3-million conventional Freddie Mac Multifamily loan to refinance Waverly Place Apartments, a 228-unit community in Kalamazoo, MI.

Additionally, Hunt provided a $9-million conventional Freddie Mac Multifamily loan to refinance Bancroft Luxury Apartments in Saginaw, MI. It’s a renovated historical property with 152-units situated in two six-story apartment buildings.

Pictured: Waverly Place Apartments.

For comments, questions or concerns, please contact Paul Bubny