Trillium Capital Resources (TCR) announced to Historic City News today the successful financing commitment of a $16.08 million multifamily Housing and Urban Development (HUD) loan through their partner Red Capital Group. The 232 unit multifamily project will receive a fixed rate financing package for 35 years.
TCR is a direct correspondent for various lenders with a focus on Commercial Real Estate financing transactions and is an alliance partner with Red Mortgage Capital, one of the nation’s premier multifamily lenders.
“There are many opportunities in the St. Augustine area where this kind of financial engagement can occur and TCR is in the process of reaching out to prospective new clients to make that happen,” said Scott Taccati, President of Trillium Capital Resources. “We have the privilege of assisting our clients in their endeavors nationwide and are always pleased to obtain desirable commitments for our clients.”
For multifamily operators who have a long term hold strategy to their portfolio, the HUD program offers very desirable terms in the market today. Companies who are interested can contact Brent Shryock, Vice-President of Development, in the Jacksonville office at 904-329-7266.
“Our office has the resources and capabilities to achieve results for our clients nationwide,” Shryock told Historic City News local reporters.
Trillium Capital Resources promises to secure the most competitive financing options for their CRE portfolios through strategic alliances with established nationwide lenders. For more information, visit their website: www.trillium-capital.com
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