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Hunt Refinances Winding Trails Apartments

By Tony Seruga

Learn the latest in retail, multi-use and much more at RealShare NET LEASE WEST on November 11-12 in Los Angeles.

The community is comprised of 29 two-story residential buildings plus a two-story clubhouse/leasing office and a two-story maintenance and storage building.

HOUSTON–Hunt Mortgage Group has provided a bridge loan in the amount of $12.7 million to refinance and reposition Winding Trails Apartments, a multifamily property located in Houston, GlobeSt.com has exclusively learned.

“The purpose of this loan is to provide bridge financing so the borrower can refinance the maturing existing loan, and then complete a property renovation to achieve operational upside before obtaining a new permanent loan,” says Vic Clark, managing director at Hunt.

The borrower is Vankara Dhari LP, backed by Charlie Yalamanchili, who has owned the property since 1995.

Loan terms include a 36-month term, plus two 12-month extension options, with interest only payments for the full term…

Hunt Refinances Winding Trails Apartments

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