FEATURED TRANSACTIONS

$48M Senior Loan – Permanent Financing

Client Request

Lease-Up Agency loan for a newly built, 374-unit multifamily development.

Situation/Challenges

• Sponsor had recently completed construction of the 374-unit multifamily project
• Located in a high barrier to entry suburb of Dallas, Texas
• Construction delays had caused a lag in the business plan that necessitated lease-up bridge financing
• Sponsor requested non-recourse execution with competitive pricing

Solution

Dekel Capital utilized deep industry relationships to source a multitude of bridge debt options while showcasing Sponsor experience with their current portfolio's lease-up and operation. Dekel obtained a $48.1MM Freddie Mac lease-up fixed rate loan with competitive pricing and an interest only period.