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Orix buys U.S. commercial mortgage lender Hunt

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Orix Corp. has agreed to buy U.S. commercial real estate lender Hunt Real Estate Capital, its latest acquisition in the field.

The Japanese finance and leasing firm is buying all Hunt Real Estate Capital shares from privately owned Hunt Companies Inc. The price was not disclosed.

“The Hunt Real Estate Capital acquisition represents the culmination of our efforts to create a top-tier national commercial real estate lender, one with the capital, skillset and product range to more flexibly address the needs of commercial real estate investors and developers than traditional bank lenders, ” Terry Suzuki, Orix USA president and CEO, said in a press release.

New York-based Hunt Real Estate Capital provides credit to developers of multifamily housing. It underwrites and services mortgage loans that are insured or guaranteed by entities such as Fannie Mae, Freddie Mac and the Federal Housing Administration.

Tokyo-based Orix has been targeting real estate lenders that are authorized to originate and sell loans to U.S. housing agencies and government-sponsored enterprises. In 2017, it acquired Lancaster Pollard Holdings, which lends to senior living facilities. In 2010, it bought Red Capital Group, a loan provider to affordable housing.

Upon closing, James Flynn, Hunt Real Estate Capital’s president and chief investment officer, will be the CEO of the combined entity. “I am very excited about joining forces with the talented teams at Lancaster Pollard and Red Capital,” Flynn said. “While we each bring unique strengths and competencies to the table, we share a commitment to service and dedication to the long-term interests of our clients.”

Hunt Real Estate Capital employs about 250 people and has 25 locations in the U.S., according to its website. Orix USA has over 1,000 employees and 30 offices in this country and Brazil.

Bloomberg News

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