FEATURED TRANSACTIONS

$45.1 Million Acquisition Financing

Client Request

Rare opportunity to acquire a newly built apartment community in a high-demand, low-supply market at a very attractive cost basis. Buyer was at risk of losing the asset after financing fell through at the last minute.

Situation/Challenges

• The property, located in a Midwest college town, was popular among students and young professionals. A portion of the loan proceeds would be needed to further stabilize the asset which was 82 percent leased at time of closing
• Needed to source financing in very short time frame with limited capital availability

Solution

Within two weeks, identified and secured the financing from the lender, which was then able to provide certainty of close and fund the loan in 45 days