Multifamily Portfolio
LOAN HIGHLIGHTS
Location Northern California
Product type Multifamily
Loan Amount $16,330,900
DESCRIPTIONSearchlight Lending has funded a $16,330,900 loan on a 333-unit multifamily portfolio in Northern California.

  • Loan proceeds allowed the borrower to acquire two multifamily properties and grow the portfolio from 175 to 333 units.
  • Searchlight Lending’s ability to structure a loan secured by 16 properties consisting of three different asset types enabled the borrower to execute two multifamily acquisitions within a constrained timeframe.
  • Borrower was able to refinance their multifamily portfolio as a bridge to permanent financing.
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