$11MM Senior Loan – Permanent Financing
Replace bridge financing with permanent financing for 82-unit Class-B multifamily property located in Atlanta, GA.
- Sponsor requested agency financing execution to arrange long-term debt on a stabilized multifamily property in an up-trending submarket
- Property still offered upside in terms of rent growth based on typical unit upgrades
Dekel Capital identified an agency correspondent lender that was able to offer maximum proceeds at competitive pricing, while structuring in flexible pre-pay and the ability to complete a supplemental up-sizing during the term of the loan.