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Funded · Multifamily
Meridian at Hamilton Place
Meridian at Hamilton Place
$30,000,000
Units / buildings238
MarketChattanooga, TN
Transaction overview
The property was 92% occupied at closing.
The sponsor will complete a capital expenditure program designed to increase rents and improve the property's positioning through interior and exterior renovations.
Highlights
- Multifamily
- Value-add capex
- Rent growth
- Chattanooga, TN
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — capex and rent growth
Structure
- Recourse
- Typically non-recourse except for standard carve-outs
Terms
- Term
- 6 months to 5 years
Markets
- Markets
- Primary, secondary, and select tertiary U.S. markets
Additional information
- Transaction details are provided for informational purposes based on publicly available deal summaries.
