$11.5MM Multifamily Acquisition | Memphis, TN

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


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.

$11.5MM Multifamily Acquisition | Memphis, TN


The placement team canvassed a handful of bridge lenders, ultimately settling on one that had recent experience closing deals in the local market. The lender was willing to structure a tiered priced holdback allowing Sponsor to minimize initial equity contributions and reduce negative carry cost.

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