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OPPORTUNITY A borrower group consisting of seasoned multifamily investors approached Red Oak for a bridge loan to acquire and complete renovations on Ocean Shores Apartments, a garden apartment community located in D'Iberville, MS. Situated on nearly 11 acres at 10472 Gorenflo Road, the 128-unit property currently operates under the Low-Income Housing Tax Credit program. In […]
Red Oak Capital Holdings, LLC provided $6.3 million to refinance the Laura Street Trio, a one-acre site in the core of Downtown Jacksonville, FL. The structures, considered to be among the most significant and endangered historical buildings in the city, are the subject of a $179-million adaptive reuse project proposed by the sponsor, a major […]
Red Oak Capital Holdings, LLC has provided a $15.5-million bridge loan for the acquisition and rehabilitation of the Minnesota Commons Apartments in Washington, D.C. Red Oak’s Ken Wood, Hermann Wendorff, and Jesus Martinez originated, underwrote and closed the loan, which was structured through the firm’s Opportunistic Bridge Loan Program and carries a floor rate of […]
Red Oak Financial completed a $9,000,000 refinance loan for a five-building, 54,900-square-foot, industrial property situated on 5.93 acres in the Southwest region. Once stabilized and current tenants’ 15-month leases expire, the asset will be consistent with the existing use as a multi-tenant industrial as an interim. Subsequently, assemblage and redevelopment planning can commence to convert the site into a mixed-use retail/residential/recreational property. The location of the property has a major advantage being in close proximity to well-known gaming and leisure firms, as well as new developments being constructed/improved within the market.
