Houston Multifamily Portfolio Acquisition Financing
$8,600,000
Houston, TX
- Loan Type: Recapitalization Financing
- Property: Two multifamily complexes comprised of 224 garden-style apartment units.
- Scenario: Trevian's loan provided acquisition financing that allowed the sponsor to preserve a 1031 exchange when conventional lenders were unable to meet a time-of-the-essence closing deadline.
- Result: Trevian provides speed and certainty of execution to close on tight and inflexible timeframes, which is particularly crucial in the case of 1031 exchanges.
