WEST TEXAS RECAPITALIZATION FOR PARTNER BUYOUT
$3,500,000
Odessa, TX
- Loan Type:
- Property: Multifamily complex comprised of 120 garden-style age-restricted affordable housing units.
- Scenario: Trevian's loan allowed the sponsor, the Odessa Housing Authority, to buy out its equity partner and prevent the forced-sale of its most mission-critical affordable housing asset.
- Result: Trevian's is comfortable lending to not-for-profit agencies and structuring transactions with complex legal structures including, in this case, land use restriction agreements, ground leases, and reciprocal easement agreements.
