TurnCap recently funded a $65MM bridge loan for the acquisition of a 450+ unit, class B multifamily community in Columbus, OH (“Subject”).  The Subject is being acquired by a repeat TurnCap Sponsor and one of the largest multifamily owner/operators in Central Ohio....

TurnCap recently deployed $7.6 million to refinance a 66,000 SF Class A self-storage facility located in Savannah, GA. The property was completed in 2017, and totals 588 units, of which 485 are climate-controlled. The Sponsor sought a bridge loan to recapitalize a...

TurnCap recently deployed $6.85 million to refinance a 64,000 SF, 674-unit, Class A self-storage facility located in Asheville, NC. The facility has been well received in the market as proven through its strong leasing momentum, and Class-A distinction amongst many...

TurnCap recently funded a $41MM loan for two (2) apartment communities in Columbus, OH. The communities were 99% occupied at the time of refinance and have historically maintained occupancy rates above 90%. The Subject was acquired from a premier multifamily developer...

TurnCap recently funded a bridge loan to finance the acquisition of a 400+ pad manufactured housing community in Iowa (“Subject”). The Subject has historically maintained strong occupancy rates above 95% and was 98% occupied at closing. The Sponsor plans to utilize...

TurnCap recently deployed $7.6 million in capital to refinance a 54,000 SF Class A self-storage facility located in Charleston, South Carolina. The facility was completed in late 2019 and totals 584 units, of which 544 are climate controlled. The facility is currently...

TurnCap recently funded a $25.4MM loan on a “Class A” apartment community in Columbus, OH (“Subject”). The Subject was fully stabilized at closing with additional phases, not part of the collateral, currently under construction. The purpose of the bridge loan was...

TurnCap recently funded a bridge loan of $10.6 million for the acquisition of a multifamily development in Columbus, OH. The Subject is being acquired by a premier multi-family owner/operator based in Central Ohio. The Sponsor plans to bring rents to market levels,...

TurnCap recently funded a bridge loan to finance the renovation of a 187-unit, 10 property Class B multifamily portfolio in Cleveland, Ohio. The apartments were constructed in the 1920s and will be undergoing a capital improvement plan to modernize the units and bring...

TurnCap deployed $41.0 million in capital to refinance a 272-unit, stabilized Class A market rate apartment community. The complex was originally constructed by the Sponsor in 2017 and consists of five 4-story residential buildings on approximately 18.37 acres....