Transaction Type
Multifamily
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions
Highlights
• Acquisition financing for a Class B, 324-unit value-add apartment complex in Memphis, Tennessee.
• Loan strucutred with a CapEx facility to facilitate exterior and interior renovations. Future funds released upon achieving minimum rent thresholds.
• Repeat A10 sponsor with proven track record of executing similar business plans in the local market.
