Who says Value – Add Multifamily is dead? Aline Capital is pleased to announce the closing of a 38-unit multifamily acquisition in Greenville, SC. JD Lehman of Aline Capital sourced a 6-year, fixed-rate bridge loan for the purchase and improvement of the apartments. Aline financed the loan at 70% LTC with 3 years of interest only at a fixed rate of 7.15%. With flexible prepay, the Borrowers will be able to refinance into a permanent loan as they execute their value-add campaign and stabilize the asset. The loan was negotiated with recourse burn downs, providing a holistic financing solution to coincide with a large improvement budget. Aline is excited to be able to contribute to the improvement of these assets and the residents’ quality of life through a better than market loan. Congrats to all involved!
Partner with us to navigate the complexities of commercial real estate. Get in touch today to explore how our expertise can unlock the full potential of your real estate investments.