Aerial view of a multi-building apartment community with brick exteriors, balconies, landscaped grounds, parking lots, and surrounding trees.
Loan Amount
$9,169,000
Financing Type
Private Debt Fund
Property Type
Multifamily
2 in Fort Valley, GA / 1 in Lucedale, MS

Acquisition Bridge Loan

Elowen Capital arranged a $9,169,000 two-year interest-only bridge loan through a private debt fund to support the acquisition and renovation of a three-property affordable housing portfolio totaling 158 units, with two of the properties located in Fort Valley, GA, and one property located in Lucedale, MS. The cross-collateralized loan will fund significant improvements to the properties, stabilize the tenant base, and improve operations.