Churchill Forge Properties Secures $62.1M Loan For Six Sunbelt Multifamily Properties In Austin, San Antonio & South Carolina

Six Sunbelt Multifamily Properties in Austin, San Antonio, and South Carolina have been involved in a recent closed transaction. The multifamily assets were acquired by an undisclosed buyer, and the deal was facilitated by broker Kristen Reilley from CBRE. The properties, owned by Churchill Forge Properties, are located in prime markets and offer attractive investment opportunities.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $62,100,000
• Date: 05/12/2022
• Market: Austin, San Antonio & South Carolina

This transaction involved a loan amount of $62,100,000 with a 10-year, full-term, interest-only loan type. The deal allowed the buyer to secure financing for the multifamily properties, ensuring long-term financial stability. Kristen Reilley from CBRE served as the broker representing the buyer in this transaction, showcasing her expertise and negotiation skills in securing favorable financing terms.