Hunt Real Estate Capital Refinances An Affordable Multifamily Property Located In Salinas, California
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today it provided a loan in the amount of $5 million to refinance an affordable multifamily property located in Salinas, California. Gabilan Hills Townhomes is a 100-unit affordable multifamily property that was built in 1996. The property offers 66 two-bedroom units and 34 three-bedroom units in 17 townhouse buildings. The sponsor, Community Housing Improvement Systems and Planning Association (CHISPA), originally developed the property with LIHTC.