$29 Million Loan to Refinance Texas Apartment Project
Real Estate Investment Group
Representation of real estate investment group comprised of three separate tenants in common in obtaining $29 million to refinance a Texas apartment project. We restructured ownership, including organizing three new property owners, transferring the property, and amending all existing organizational documents, and obtained unanimous approval from numerous investors. Additionally, we negotiated loan provisions pre-approving a new, fourth investor with a 30% ownership interest.
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