George Smith Partners Secures $85.8M Construction Loan For Township 9 Multifamily Development In Sacramento's River District

Sacramento, California

$85,800,000

Building Size

—

Asset Type

MultiFamily

Closing

May 15, 2023

AI

A construction loan amounting to $85,800,000 has been secured for a 372-unit multifamily development located in the Township 9 area of Sacramento’s River District. This project aims to address local housing needs and includes plans for additional office and retail spaces.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $85,800,000
Units: 372
Address: Township 9
Market: Sacramento
Landlord: 29th Street Capital - Rob Hedrick; Bridge Investment Group
Brokers: Shahin Yazdi, Miles Musalman & Kyle Redmond - George Smith Partners
Loan Type: Construction Loan

George Smith Partners (GSP) facilitated the construction financing for this development, which aims to not only fulfill housing demands but also to create job opportunities in the area.

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