North Carolina Multifamily Acquisition and Renovation Financing
$5,750,000
Jacksonville, NC
- Loan Type: Acquisition and Renovation Financing
- Property: Two-property, multifamily complex comprised of 464 garden-style units.
- Scenario: Trevian's loan allowed the Sponsor to purchase and renovate a then 40% occupied, poorly managed multifamily complex.
- Result: Trevian lends on value-add multifamily properties that need to be renovated and stabilized before they can be refinanced with Agency, HUD, local bank, or CMBS financing.
