The multifamily property located at 3300 South College Avenue in Bryan, TX has recently undergone an acquisition transaction. The property consists of 60 units and was acquired by Troy Realty Capital, represented by James Weiss. The deal was brokered by Reuben Hedaya from Meridian Capital Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,425,000
• Loan Type: Acquisition
• Loan Terms: 5 Years, 3 years of interest only, non-recourse

City National Bank of Florida provided a loan of $3,425,000 for the acquisition. The loan comprises of a 5-year term with the first 3 years being interest-only and is non-recourse. Troy Realty Capital expressed interest in acquiring similar properties in markets with strong demand drivers, specifically highlighting the proximity of this deal to Texas A&M University, one of the largest universities in the country. For any potential opportunities, they can be reached at [email protected].

Reuben Hedaya from Meridian Capital Group represented the buyer, Troy Realty Capital, in this transaction.