Suntree Investment Group Secures $22M Bridge Loan For Multifamily Property In Irving, TX

The 153-unit multifamily property located at 1711 West Royal Lane in Irving has recently undergone a closed transaction. The property, owned by Suntree Investment Group, was involved in a loan deal facilitated by Emerald Creek Capital and its representative, Mike Cleaver. The broker for the transaction was Jeremy Nussbaum from Walker & Dunlop.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,000,000
• Loan Type: Bridge Loan
• Loan Terms: three-year, floating-rate
• Lender: Emerald Creek Capital - Mike Cleaver
• Landlord: Suntree Investment Group
• Broker: Jeremy Nussbaum - Walker & Dunlop

The loan secured for this transaction amounted to $22,000,000 and was provided by Emerald Creek Capital. The loan type was a bridge loan with a three-year term and a floating interest rate. Suntree Investment Group, the landlord, enlisted the services of Jeremy Nussbaum from Walker & Dunlop as their broker in this deal.