Exterior view of Magnolia Trace apartments featuring a dark two-story building, balconies, landscaped lawn, mature trees, sidewalks, and parking.
Loan Amount
$13,460,250
Financing Type
Direct Institutional Lender
Property Type
Multifamily
Baton Rouge, LA

Acquisition Bridge Loan

Elowen Capital arranged a $13,460,250 two-year interest-only bridge loan through a direct institutional lender to support the acquisition and renovation of a 246-unit multifamily property located in Baton Rouge, LA. The funds will be used to significantly improve the property, stabilize the tenant base, and improve operations.