RhodesMoore Acquires Multifamily Property In Clairemont With $28M Construction Loan From Live Oak Bank & Locust Point Capital
Live Oak Bank & Locust Point Capital completes $28,000,000 loan in Clairemont
MultiFamily
73,000 SF
73,000 SF
Financed 1 year ago
Summary
The property involved in this closed transaction is a multifamily asset located in Clairemont. It has a total square footage of 73,000 and sits on a 1.5-acre lot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Market: Clairemont
- Square Footage: 73,000
- Acres: 1.5
The loan for this transaction was provided by Live Oak Bank represented by James S. Mahan III and Locust Point Capital represented by Eric M. Smith. The landlord of the property is RhodesMoore and Frontier Management.
The loan amount for this transaction was $28,000,000 and the loan type was construction.
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Live Oak Bank & Locust Point Capital completes $28,000,000 loan in Clairemont
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