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Ease Capital Provides $45.5 Million Loan for the Reserve at Temple Terrace

Sep 23, 2024•over 1 year ago

Contract Type

loan

FloridaFinancial ServicesFinanceLending

Description

Ease Capital has provided a $45.5 million floating-rate loan to Boardwalk Holdings for the lease-up and stabilization of the Reserve at Temple Terrace, a 290-unit, 10-building multifamily property in Temple Terrace, FL. The loan is structured as a three-year, full-term interest-only, non-recourse loan and supports the sponsor’s business plan to refinance existing debt and stabilize the asset.

Company Information

Company

Ease Capital

Location

Florida, United States

About

Ease Capital is a financial institution providing loans and financing solutions.

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