Lument Closes $52.1 Million Fannie Mae Refinance for Multifamily Community in Georgia
New York, NY — Lument has announced the closing of a $52.1 million Fannie Mae conventional loan to refinance Huntington Village, a 671-unit multifamily community in Warner Robins, Georgia. The sponsor is WRF Housing, LLC, an affiliate of Hunt Companies. Steve Beltran, Managing Director with Lument based in El Paso, Texas, led the transaction.
“Working with this experienced, mission-driven sponsor is always rewarding, and the Fannie Mae refinance was the ideal culmination of our shared vision for Huntington Village, which began when we provided bridge financing for the community in 2021,” said Beltran. “With low-cost, permanent financing now in place, the sponsor can focus on further enhancing the community, making it a premier choice for quality, affordable housing in central Georgia.”
Constructed in multiple phases in 1954 and 2001, the low-density community consists of 454 one-story buildings housing 671 units on 266 acres. The property was originally designated as military housing but has since been repositioned as a multifamily community serving primarily low-income renters, as 96% of units are reserved for renters at 80% area median income (AMI) or lower, with 23% at or below 50% AMI.
Lument, a subsidiary of ORIX Corporation USA, is a national leader in commercial real estate finance and delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, real estate investment sales, investment banking, and investment management solutions. The company has approximately 600 employees in over 30 offices across the United States. Securities, investment banking, and advisory services are provided through Lument Securities, LLC, member FINRA/SIPC. Lument Investment Management, LLC, is registered as an investment adviser with the U.S. Securities and Exchange Commission. For more information, visit www.lument.com.