March 22, 2016
Hunt Mortgage Group, based in New York City, provided a $40 million Freddie Mac loan to finance the 301-unit Highpoint on Columbus Commons apartment complex in Columbus, OH. The property was financed with a 10-year, fixed-rate loan, secured by a first lien that refinanced the construction loan.
The property at 190 S. High St. was built in 2014 by Carter Real Estate. The borrower is backed by Robert J. Weiler, Sr. and Donald W. Kelley. In addition to apartment units, the asset also has 23,302 square feet of retail space.