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
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
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
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
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
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
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
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