Oklahoma Multifamily Acquisition and Renovation Financing
Oklahoma City, OK
- Loan Type: Acquisition and Renovation Financing
- Property: Class C garden style multifamily complex comprised of 260 garden style units.
- Scenario: Trevian's loan funded the time-sensitive acquisition and completion of interior renovations and provided runway to clean up pandemic-related delinquencies and stabilize the property.
- Result: Trevian can expedite the closing process to meet a hard closing deadline. In this transaction, the borrower thought he had 10 days more than was actually available, leading to the time sensitivity.