July 27, 2020 Comments (0) Views: 342 Baltimore, Top Washington, D.C., Washington, D.C. News

Hunt Real Estate Secures $6M Refinancing for Metro Baltimore MF Community

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Hunt Real Estate has provided a $6.4 million Fannie Mae refinancing loan for Glen Burnie Town Apartments, a 54-unit multifamily community in Glen Burnie.

Located at 201 Crain Highway N., the property is 10 miles south of downtown Baltimore. The community was built in 2000 and features two- and three-bedroom floor plans. Amenities include a fitness center, courtyard and community room. Promark Real Estate Services manages the property.

The 12-year loan features a fixed interest rate and four years of interest-only payments. Additionally, the closing provides $125,000 for renovations, including resurfacing a concrete courtyard and upgrading units.

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