Exponential Equity Secures $3.5M Acquisition Loan For Multi-Family Properties In Greensboro, NC

Exponential Equity, a real estate investment firm, has recently acquired two multi-family properties in Greensboro, NC. The properties, located at 3501 N Church Street and 3700-3706 Flint Street, consist of a total of 56 units. The acquisition was financed through a loan provided by Roc Capital, a leading lending institution in the real estate industry.

Summary of transaction details:

• Property Type: Multi Family
• Transaction Amount: $3,466,240
• Date: 03/18/2022
• Address: 3501 N Church Street & 3700-3706 Flint Street
• Market: Greensboro, NC
• Units: 56
• Lender: Roc Capital
• Landlord: Exponential Equity
• Broker: Zach Lutwak-Fitzgerald from BlackBearCapitalPartners

The Borrower secured a 2-year loan from Roc Capital to facilitate the acquisition and fund property improvements. The loan terms include a full term interest-only payment structure, providing flexibility for Exponential Equity to allocate capital towards enhancing the properties and maximizing their investment.