Loan Secured for Built-to-Rent Refinance of Townhomes in Taylor, TX

 

Taylor, TX— Matthews™ Capital Markets (MCM), a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™, recently secured a $15,500,000 loan for the refinance of townhomes located in Taylor, TX. Matthews™ First Vice President & Director Clark Finney and Associate Mark Johnson handled the loan transaction.

 

The loan was secured for the refinance of a built-to-rent (BTR) lease-up project. The transaction featured a bridge loan structure that paid off the existing construction loan and generated additional cash-out proceeds through a creative refinancing of free-and-clear land owned by the borrower.

 

The deal required swift execution due to an approaching loan maturity. Matthews™ worked intensively to secure a lender who remained committed to the original terms despite several challenges.

 

“The borrower’s ability to creatively recapitalize their position by pairing a senior bridge loan with a land cash-out was critical,” Johnson said. “Our experience in multifamily bridge financing and deep lender network allowed us to navigate a constantly shifting landscape and secure a structure that met the client’s timeline and capital needs.”

 

MCM is actively recruiting capital markets specialists throughout the United States. For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

ABOUT MATTHEWS™ CAPITAL MARKETS

The Matthews™ Capital Markets Division (MCM) is a fully integrated and dedicated financing division of Matthews Real Estate Investment Services™. Matthews™ Capital Markets provides capital solutions ranging from $500,000 to $100 million for all property types across the U.S.