Arizona Multifamily Acquisition and Renovation Financing
$6,500,000
Tucson, AZ
- Loan Type: Acquisition and Renovation Financing
- Property: 98% occupied, Class C multifamily apartment complex comprised of 84 garden style units.
- Scenario: Trevian's loan funded the time-sensitive acquisition of the property after Freddie Mac downsized their loan offer due to COVID-related delinquencies. The loan included funds for renovations and additional time to lease up and stabilize the property.
- Result: Trevian is not beholden to generalized underwriting standards, and can create flexible solutions for borrowers in need of a quick and user-friendly execution.
