$22MM Multifamily Property Acquisition|Huntsville, AL

Placed a bridge loan to acquire and reposition two adjacent garden rental communities, totaling 375 units and 318,538 square feet, in Huntsville, AL.

Challenges

The assets were experiencing significant vacancy and higher-than-average delinquency rates. The sponsors’ strategy would entail creating additional vacancy to improve the credit quality of the tenancy base.

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