Birch Tree Real Estate Secures $11.72 Million Bridge Loan From Sound Point Capital For 88-Unit Multifamily In Henderson NV

The transaction involved a multifamily asset consisting of 88 units, located at 2096 Ramrod Avenue in Henderson, NV. The loan amount secured for this acquisition was $11,715,000, categorized under a bridge loan type with terms structured as 3+1+1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,715,000
• Lender: Sound Point Capital
• Borrower: Birch Tree Real Estate
• Brokers: Jared Sobel, Ben Daniels, Scott Kummings & Mike Alexander - Raven Property Advisors
• Market: Henderson, NV
• Units: 88
• Loan Type: Bridge
• Loan Terms: 3+1+1

The deal was facilitated by Raven Property Advisors, who arranged the financing for the acquisition. Although the borrower was a first-time sponsor at the entity level, the operational experience contributed to a successful credit story. The brokers conducted a competitive process to ensure favorable terms for the borrower, focusing on delivering flexible business plan execution.