CKRP Closes $8.25MM Bridge Acquisition Loan for 131 Unit Apartment Community in Valdosta, GA

CKRP arranged competitive short-term bridge financing for the purchase and reposition of a 131-unit apartment community that was formerly used for student housing. CKRP procured numerous competitive bridge loan proposals while contemplating the borrower’s planned $1 million capital improvement plan. Additional considerations for an approved tenant-in-common (TIC) organizational structure were needed given multiple 1031 exchange investments that were coming into the deal.