Trident Multifamily Secures $19M Loan For Acquisition Of Norman Multifamily Property

Trident Multifamily has acquired a multifamily property located at 1111 Oak Tree Avenue in Norman, OK. The property spans 264,000 square feet and consists of 254 units. The acquisition was made possible by a $19,000,000 loan provided by Simmons Bank at a rate of 5.75%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Address: 1111 Oak Tree Avenue, Norman, OK
• Market: Norman, OK
• Lender: Simmons Bank
• Landlord: Trident Multifamily
• Brokers: Jeff Santoro & Chris Mullaly - Spirus Capital Partners
• Loan Type: Acquisition
• Loan Terms: 5.75% rate

Jeff Santoro and Chris Mullaly from Spirus Capital Partners represented Trident Multifamily as brokers in this transaction.