Hunt Mortgage Group Provides $5.6 Million Refinancing for Three-Building Student Housing Portfolio in Ann Arbor

Ann Arbor, Mich. — Hunt Mortgage Group has provided a $5.6 million, Fannie Mae refinancing for a portfolio of three student housing buildings totaling 44 units in Ann Arbor.

The properties are located at 418 E. Washington St., 1015 W. Huron St. and 1015 Vaughn St. The borrower is KRP LLC. The transaction is structured with a 12-year term with 11.5 years yield maintenance and two years of interest-only, followed by a 30-year amortization schedule. 

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