I Real Estate & Allstate Property Management Secures $7.7M Bridge Loan From Red Oak Capital Holdings For Valley Forge Apartments In Memphis

The property asset involved is Valley Forge Apartments, a multifamily garden community located at 176 Hillview Avenue in Memphis, TN. It consists of 229 units and has a current occupancy rate of 95.6%. The transaction involved a loan amount of $7,700,000 provided for the acquisition and repositioning of the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,700,000
• Lender: Red Oak Capital Holdings
• Landlord: I Real Estate & Allstate Property Management
• Loan Type: Bridge
• Market: Memphis, TN
• Brokers: Stratos Athanassiades, Thomas Gorski & James Myatt - Red Oak Capital Holdings

Key individuals involved in this transaction include representatives from Red Oak Capital Holdings who facilitated the loan for the property acquisition. The financing provided will assist in repositioning the multifamily asset within the competitive market of Memphis.