As a Freddie Mac Program Plus™ seller/servicer, Hunt Mortgage Group offers financing for fixed and adjustable rate conventional and affordable mortgage products. We provide financing for the acquisition or refinancing of stabilized properties, and also offer specialized programs for recently completed properties in lease-up and value-add acquisitions needing shorter term financing. Terms typically range from 5 years to 30 years and may be fully amortizing or contain partial or full (interest-only) options. Through this program, we offer first mortgage financing and subsequent supplemental (subordinate) financing.

reliable & safe

Freddie Mac Green Up Plus

When you commit to reduce energy or water consumption by at least 15% according to a Green Assessment Plus, you may get better pricing and more funding to make these enhancements.

A highly detailed property analysis based on an ASHRAE level 2 energy audit. Freddie Mac reimburses up to $3,500 of the cost of the report when the borrower closes a loan with Freddie Mac

2 years to complete. Work must commence within 180 days of loan origination

Freddie Mac Green Up

Borrowers who commit to making improvements based on the Green Assessment and are able to save 15% in energy or water usage get: 1. Better pricing and 2. More funds: Freddie Mac will underwrite up to 50% of projected energy savings.

A quick, straightforward property analysis to show borrowers how they can save energy and/or water by making property improvements. A Green Assessment can be completed within two weeks without adding to processing time. Freddie Mac reimburses up to $3,500* of the cost of the report when the borrower closes a loan with Freddie Mac. * Exceptions may apply.

2 years to complete. Work must commence within 180 days of loan origination

Freddie Mac Affordable Moderate Rehabilitation
Bond Credit Enhancements provide for the moderate rehabilitation with tenants in place of affordable multifamily properties with 4% LIHTC. Financing for the moderate rehabilitation with tenants in place of affordable multifamily properties with 9% LIHTC.
Bond Credit Enhancements provide for the moderate rehabilitation with tenants in place of affordable multifamily properties with 4% LIHTC for the acquisition or refinance of stabilized affordable multifamily properties. Financing for acquisition/rehabilitation (max 24 months); based on projected post-rehab NOI; cash or letter of credit collateral required to fund gap between supportable debt on current NOI and mortgage amount (collateral held until stabilization); Interest only during the rehabilitation/stabilization period.
Garden, mid-rise or high-rise multifamily properties with 4% LIHTC undergoing moderate rehabilitation with tenants in place. Garden, mid-rise or high-rise multifamily properties with 9% LIHTC that are undergoing moderate rehabilitation with tenants in place.
Minimum of the remaining LIHTC compliance period. Maximum term of 35 years. Rehabilitation/stabilization period (max 24 months) will be included in loan term. Minimum of the remaining LIHTC compliance period. Maximum term of 35 years. Rehabilitation/stabilization period (max 24 months) will be included in loan term.
Freddie Mac Targeted Affordable Housing Preservation

Permanent financing for the acquisition or refinance of stabilized affordable multifamily properties.

Low-income qualifying restrictions. 20% or more units rented to families earning at or below 50% of Area Median Income (AMI), or 40% or more units rented to families earning at or below 60% of AMI. However, other affordability types will be considered.

Minimum $3 million

7 to 30 years

why developers choose us

Dependable

We know what it takes to break ground and there is no one size fits all solution. We enjoy a challenge and finding the right lending options suited for each of our client’s specific needs.

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Confidence

With Consulting WP you’ll get no re-quotes, no dealer intervention and fair order execution.

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Knowledge

Highly specialized in focus, we educate our clients on the best lending options and resources needed to fund a multifamily affordable housing development project.

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