HHHunt Corp. Lands $619M for Southeast Portfolio

HHHunt Corp. has secured a $619 million refinancing package for a 15-property portfolio comprising 4,237 units in the Southeast, Commercial Observer first reported.

PGIM Real Estate issued the debt bundle consisting of five Freddie Mac notes totaling $412.8 million and five Fannie Mae loans amounting to $206.2 million.

The collection comprises mid-rise and garden-style communities spread across Virginia, North Carolina, Maryland, Tennessee and Georgia. The properties debuted between 2001 and 2023.

HHHunt owns and manages more than 8,600 units across six states, with another 1,580 units in the development pipeline. Just two months ago, the firm expanded its footprint by opening Abberly Commons, a 287-unit community in Charlotte, N.C.

PGIM Real Estate had $210 billion in gross assets under management and administration as of March 2025. Last month, the firm issued $107.2 million to AEW Capital Management to refinance two communities encompassing 622 units in Charlotte, N.C., and Seattle.

Multifamily loans spike

In the second quarter of 2025, multifamily loan originations were up by 66 percent year-over-year, according to the Mortgage Bankers Association research, with a 59 percent increase in Fannie Mae and Freddie Mac financing. The two government-sponsored enterprises closed last year with more than $55 billion and $66 billion in volume, respectively.

The GSE’s conservatorship hangs in the balance as the current administration mulls over the idea of an IPO, the Wall Street Journal reported. The plans under consideration involve selling from 5 to 15 percent of stock to raise as much as $30 billion.