Sequoia Asset Management Secures Acquisition Bridge Loan For Multifamily Project In Dallas

The asset involved in the transaction is a multifamily property located at 4753 Duncanville Road in Dallas, consisting of 112 units within a total square footage of 100,032. The loan provided is for acquisition purposes with a term of 12 months.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Units: 112
• Square Footage: 100,032
• Lender: Clay Goldthwait & Hiren Naik - Bolour Associates, Inc.
• Landlord: Sequoia Asset Management
• Broker: John Choi - Concord Summit Capital
• Loan Type: Acquisition
• Loan Terms: 12 Months

This transaction was facilitated by Bolour Associates, Inc., which provided acquisition bridge financing for the project in three weeks. The lender emphasizes their capability in handling complex private lending deals and financing up to 75% LTV. Clay Goldthwait can be contacted for further financing discussions in 2025.