$8.15 M Silver Tree Acquisition Closed
Rebel Capital Group is pleased to announce the closing of Silver Tree apartments, a 98 unit value-add in Phoenix, AZ. The complex is a 1984 construction with a great unit mix of Studio, 1x1, 2x1, and 2x2.
The $8.15m acquisition will require $1.3m of renovations. The transaction was funded through a $3.5m equity raise. Berkadia facilitated the bridge financing and will execute the refinancing to long-term financing following the repositioning.
For more information on Rebel Capital Group and the Silver Tree transaction, please visit our portfolio page.
- Value-add multifamily properties
- Class B and C quality, improvable to Class B+ or better
- Opportunity to acquire below replacement cost
- Market cap rate based on actuals
- Motivated sellers and/or seller financing opportunities
- Transaction sizes between $2 million and $20 million
- Well-located in primary and secondary markets across the U.S.