Loan Type:
| Acquisition & Rehab Bridge Loan |
|
Property Type:
| Multi-Family |
|
Our Sponsor purchased this off-market distressed asset from an absentee seller. The 180 unit complex will require over $1M in rehab work, which our loan participates in funding.
We felt comfortable lending on this C class property because the Sponsor has a long track record in Houston with this product type. Since 1986, he has acquired, and holds, over 2,000 units which generate strong cash flow and has resulted in a substantial personal net worth for our guarantee. |
(310) 850-4044 
