Trillium Capital Resources Arranges $27 Million Financing for Two Multifamily Properties and a $37 Million Multifamily with HUD
Columbus, GA, December 19, 2020 --(PR.com)-- 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.
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.
Contact
Trillium Capital Resources
Scott Taccati
706-221-7464
www.trillium-capital.com
Brent Shryock - bshryock@trillium-capital.com
David Crow - dcrow@trillium-capital.com
Contact
Scott Taccati
706-221-7464
www.trillium-capital.com
Brent Shryock - bshryock@trillium-capital.com
David Crow - dcrow@trillium-capital.com
Categories