$11.5MM Multifamily Property Acquisition|Memphis, TN

Structured and arranged a bridge loan to acquire a value-add 384-unit multifamily property.

Challenges

The property sustained significant damage from a tornado in October 2019 and was operating at 15% occupancy. After many months of negotiation, the seller requested a quick close to deal with 1031 requirements.

Aruyel Nurbekova

JUNIOR ANALYST

Email

anurbekova@eyzenberg.com

D: (305) 995-0777

Alexei Muniak

ORIGINATOR

Email

amuniak@eyzenberg.com

D: (305) 995-0777 ext. 309
C: (917) 536-1057