Exterior view of an apartment building at Emerald Trace and Cinnamon Court featuring brick walls, covered balconies, outdoor stairs, grassy grounds, and mature trees.
Loan Amount
$7,100,000
Financing Type
Private Debt Fund
Property Type
Multifamily
Ruston, LA

Acquisition Bridge Loan

Elowen Capital arranged a $7,100,000 two-year interest-only bridge loan through a private debt fund to support the acquisition and renovation of a two-property affordable housing portfolio totaling 128 units in Ruston, LA. The funds will be used to significantly improve the properties, stabilize the tenant base, and improve operations.