Real Estate Bank Borrowers Heed Caution
Real Estate Bank Borrowers Heed Caution Expect tighter underwriting, potential non-renewals and bumpy roads ahead for banks. By Scott Taccati of Trillium Capital Resources
Trillium Capital Arranges $37.5M HUD Loan for New Apartment Community in Metro Atlanta
CANTON, GA. — Trillium Capital Resources LLC has arranged a $37.5 million construction loan for a new 308-unit apartment community in Canton, located roughly 40 miles north of Atlanta. The 40-year loan was structured through the U.S. Department of Housing and Urban Development’s (HUD) 221 (d)(4) program, the agency’s flagship program for funding new construction
Trillium Capital Arranges $9.4M Refinancing for Multifamily Community in Greensboro, North Carolina
Beechwood Apartments in Greensboro, N.C., includes one- and two-bedroom units and features patios or balconies, a swimming pool and a playground. GREENSBORO, N.C. — Trillium Capital Resources (TCR) has arranged a $9.4 million loan for the refinancing of Beechwood Apartments, a 208-unit multifamily community in Greensboro. TCR arranged the 35-year, fixed-rate loan through the
Trillium Capital Arranges $6.5M Freddie Mac Loan for Apartment Community in Decatur, Alabama
Summer Key Apartments is a 188-unit multifamily community in Decatur, Ala. DECATUR, ALA. — Trillium Capital Resources has arranged a $6.5 million Freddie Mac loan for the refinancing of Summer Key Apartments, a 188-unit multifamily community in Decatur. Trillium arranged the 10-year, non-recourse loan with a fixed interest rate 198 basis points over
Trillium Capital Arranges $4.1M Acquisition Loan for Apartment Community in Jacksonville
Southside Square Apartments is a 108-unit multifamily community located in Jacksonville, Fla. JACKSONVILLE, FLA. — Trillium Capital Resources has arranged a $4.1 million acquisition loan for Southside Square Apartments, a 108-unit community located in Jacksonville. Trillium Capital arranged the 10-year, fixed-rate loan through one of the company’s affiliate Freddie Mac Small Balance Lenders
Trillium Capital Resources Arranges $18.4M Loan for Apartment Community in Alabama
PELHAM, ALA. — Trillium Capital Resources has arranged an $18.4 million loan for Grand Reserve of Pelham, a 184-unit apartment complex in Pelham, roughly 20 miles south of Birmingham. Trillium arranged the 12-year, fixed-rate loan through Aegon Insurance Group on behalf of the borrower, an apartment operator based in Phenix City, Ala. The borrower
Trillium Capital Resources Arranges $29M Loan for Apartment Community in Tennessee
Grand Reserve Springhill is a newly constructed, 290-unit apartment community located in Springhill. SPRINGHILL, TENN. — Trillium Capital Resources (TCR) has arranged a $29 million loan for Grand Reserve Springhill, a newly constructed, 290-unit apartment community located in Springhill. Trillium arranged the 12-year, non-recourse, fixed-rate loan through Aegon Insurance Group on behalf of