Loading page
Units / buildings120
MarketForney, TX
Transaction overview
Built in 2020, the property was 75.8% occupied at closing.
The sponsor plans to continue leasing to stabilized occupancy, implement institutional property management, and complete a minor capital improvement plan with additional income streams.
Highlights
- Age-restricted
- Multifamily
- Institutional management
- Forney, TX
Loan details
- Loan type
- Floating rate bridge loan
- Structure
- Acquisition — age-restricted multifamily
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.
