DELAWARE COUNTY, PA — Hunt Real Estate Capital has provided $19.7 million in Fannie Mae Green Rewards loans to finance the acquisition of a three-property multifamily portfolio located in Delaware County that totals 189 units.
The deal was brought to Hunt Real Estate Capital by George Johnson at Rittenhouse Capital Advisors. The sponsors of the acquisition are James Robertson, Matthew Robertson, and Robert Roskamp.
The properties included in the portfolio consist of:
Springfield Place Apartments. Hunt Real Estate Capital provided a Fannie Mae Small Loan in the amount of $3.9 million to finance the acquisition of Springfield Place Apartments. Located at 420 East Woodland Ave. in Springfield, the property consists of nine two- and three-story garden apartment buildings containing a total of 39 units. The property was built in 1966, and the unit mix consists of all two-bedroom, one-bathroom apartments.