COLUMBUS, GA – Trillium Capital Resources, LLC is pleased to announce the successful closing of two new multifamily properties and the successful repricing of a $37 million HUD loan through the A7 program. Palm Bay Grand Apartments, located in Melbourne, FL contains 166 units and was financed with a $21 million insurance funded loan at 3.55% with forward pricing, locked in for 6 months prior to lease-up.
Stone Park Villas, containing 44 units is located in Pike Road, AL near Montgomery, was financed with FNMA DUS funds. The 12-year loan featured 6 months of interest only and was financed at 3.35% rate with lending partner Arbor.
The HUD reprice of the 308-unit multifamily project located in Canton, Georgia, known as “The Grand Reserve at Canton”, was priced at 2.35% and absorbed 4 prepayment penalty points. This transaction was successfully executed through the HUD 223(a)(7) program with lending partner Lument.
Trillium Capital Resources, LLC is a commercial mortgage banking firm with offices located in Columbus, GA, Jacksonville, FL and Atlanta, GA.
For more information please visit: www.trillium-capital.com