Latest Transaction


Location

Savannah, GA, Norfolk, VA, and Portsmouth, VA

Property Type

62 Property Portfolio

Loan Type

Refinance

Loan Program

SFR Permanent Loan

Amount

$8,350,000

Need:

The sponsor was requesting a consolidation of the 101 unit portfolio throughout Savannah, GA, Norfolk, VA, and Portsmouth, VA.

Solution:

VCREF provided the sponsor with a non-recourse loan which consolidated the existing bank debt as well as supplied them with additional cash out.

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