JV Equity & Bridge Loan
Multifamily | Greensboro, NC
Majority Capital Advisors arranged a $26,350,000 full capital stack solution to finance the acquisition of a 332-unit value add multifamily property in Greensboro, NC.? One of our domestic capital sources provided 90% JV equity for the transaction along with an 80% loan-to-cost bridge loan from a nationally recognized lender.?
The structured deal provides the sponsor with the financing needed to renovate and reposition the asset over the next 24 – 36 months.?Planned interior improvements include new countertops, stainless steel appliance upgrades and new cabinetry. Exterior upgrades include new exterior siding, pool/amenity improvements, and landscaping.