OKLAHOMA MULTIFAMILY ACQUISITION AND RENOVATION FINANCING
Oklahoma City, OK
- Loan Type:
- Property: Class C multifamily complex comprised of 328 garden-style units.
- Scenario: Trevian's loan facilitated the sponsor's time-sensitive 1031 exchange to acquire the property and provided a $6.5mm capex budget for the heavy value-add renovation that included interiors, exteriors and new amenities.
- Result: Trevian lends on value-add multifamily properties that need to be renovated, repositioned and stabilized before they qualify for Agency, local bank, or CMBS refinancing.