Hunt Real Estate Capital, a leader in financing commercial real estate throughout the United States, announced today that it has opened a new office in Boca Raton, Florida. Bill Papagno, Director, has been tapped to lead the local effort. He was responsible for leading the firm’s Fort Lauderdale office, which he opened in 2015. The new office is located at 150 East Palmetto Park Road in East Boca Raton.
Papagno will focus on originating agency debt, including small balance loans under the Freddie Mac and Fannie Mae Small Balance Loan Programs, as well as bridge financing through Hunt Real Estate Capital’s Proprietary Loan Group. This move allows him to serve a broader geography and more clients throughout southeastern Florida.
“Hunt Real Estate Capital is the only non-bank multifamily lender with a presence in the local area,” noted Rick Warren, Senior Managing Director at Hunt Real Estate Capital. “The area has strong dynamics and solid underlying real estate fundamentals. We believe that having mortgage finance experts in the Boca, Delray, and Palm Beach area– who know the market, and the players– is invaluable.”
The Boca Raton office is the tenth new office Hunt Real Estate Capital has opened nationwide in the past year. Hunt Real Estate Capital finances all types of multifamily rental housing including small balance, market rate, workforce housing and affordable communities.
“We have a proven 45-year track record in the commercial real estate and multifamily finance arena,” added Papagno. “As one of the industry’s most respected commercial lenders, our clients benefit from our dedicated expertise in financing and underwriting commercial real estate in the local market. We are here on the ground in the community and know the market better than anyone else.”
“Bill is a skilled financial services executive with an impressive track record of success at Hunt Real Estate Capital,” added Warren. “We are confident he will successfully launch the Boca Raton office and be effective in serving local commercial real estate developers. Combining his expertise and the Company’s extensive product array, we will quickly have a thriving presence in the area.”