Ken Wood Of Red Oak Capital Holdings Provides $15M Bridge Loan For Minnesota Commons Apartments Renovation

The asset involved in this transaction is a multifamily property located at 4069-4089 Minnesota Avenue Northeast in Washington, DC. The property is undergoing acquisition and rehabilitation to expand its units from 83 to 123 under the Housing Choice Voucher Program.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Loan Type: Bridge
• Lender: Ken Wood - Red Oak Capital Holdings
• Landlord: Your Banc Advisors, LLC
• Note: Red Oak Capital Holdings provided a $15.5M bridge loan for the acquisition and rehabilitation of Minnesota Commons Apartments.

The transaction involves key individuals and companies, with Ken Wood representing Red Oak Capital Holdings as the lender, facilitating the bridge loan for the project. Your Banc Advisors, LLC is identified as the landlord in this transaction, indicating their role in the management or oversight of the property acquisition.