Closing 13 Loans Over Five Months for a Multifamily Housing Provider
In a period of five months in 2019, Nossaman closed 13 loans totaling more than $302 million for a client who develops, constructs, owns and operates multifamily housing on the West Coast.
The loans involved negotiations with nine different lenders. Six of the loans were construction loans, five were refinances, one was a mezzanine loan and one was a supplemental advance on an existing loan. Two of the refinances involved the redemption of existing multifamily housing municipal bonds while new bonds were issued as part of two of the construction loans.