TEXAS MULTIFAMILY ACQUISITION AND RENOVATION FINANCING
$7,550,000
Lubbock, TX
- Loan Type:
- Property: Two Class C multifamily complexes comprised of 173 garden-style units.
- Scenario: Trevian's loan allowed a first-time sponsorship group to acquire, renovate, and reposition two undermanaged multifamily complexes that were 81.5% occupied at the time of acquisition.
- Result: Trevian provides bridge loans nationwide on multifamily assets in need of renovation. Trevian thinks and acts like a partner rather than a lender to help streamline the repositioning process.
