Eastman Residential And Triangle Capital Group Secure $39.44 Million Loan For Multifamily Acquisition

The asset involved in this transaction consists of multifamily properties located at 240 South Cheney Spangle Road, 920 East Academy Street, and 406 Sanford Street. The loan amount for this acquisition was $39,440,000. The transaction spans multiple markets including Cheney, WA; Troy, AL; and Radford, VA.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $39,440,000
• Lender: Ladder Capital
• Originators: Marc Waldman, Matthew Baron, Jack Walsh
• Borrowers: Eastman Residential - Marc Schofel, Zach Schofel; Triangle Capital Group - Adam Ashourzadeh

This transaction involved multiple key individuals including Marc Schofel and Zach Schofel representing Eastman Residential, along with Adam Ashourzadeh representing Triangle Capital Group. The collaboration between these parties facilitated the successful acquisition financing for the multifamily properties.