February 21, 2017
Hunt Mortgage Group secured Freddie Mac acquisition financing totaling $12.2 million on four multifamily properties in Washington state. The borrower is a Washington LLC, backed by Isamy and Gloria Kawabori, with Glenn Gioseffi with Kidder Mathews brokering the sales transaction.
The transactions are all a 5/1 Hybrid Adjustable Rate Mortgage. Specifically, the first five years are fixed, with one year of interest-only and a 30-year amortization. “The Kawaboris have more than 30 years of multifamily investment and management experience,” said Hunt Mortgage’s Sergey Klimov. “We were excited to deliver on this loan for a solid borrower, to help provide quality affordable housing in the Seattle area.
The portfolio consists of:
- 15-unit Roosevelt Apartments, 12054 Roosevelt Way S.E., Seattle
- 36-unit La Chateau Apartments, 17464 Ambaum Blvd. S.W., Burien, WA
- 15-unit Mona Lisa Apartments, 2001 N.W. 65th St., Seattle
- 48-unit Forest View Apartments, 12201 Ambaum Blvd. S.W., Burien, WA
For comments, questions or concerns, please contact Amy Sorter