Red Oak Capital Provides $5.7M Bridge Loan for Downtown Oklahoma City Apartment Complex
OKLAHOMA CITY — Red Oak Capital Holdings has provided a $5.7 million bridge loan for Penn Grand Apartments, a 105-unit multifamily complex in Oklahoma City. Located in the downtown area, the property consists of 14 two-story buildings on a 3.7-acre site. Nick Jans, Thomas Gorski and James Myatt of Red Oak Capital originated the two-year loan, which was placed by Sean Reilly of Regions Bank. The borrower, Gideon Properties, an investment firm that specializes in distressed assets, will use the proceeds to retire existing debt and rehabilitate units that were damaged by fire.
Red Oak Capital Secures $6M Refinance Loan for Hermosa Hotel & Apartments on Catalina Island
Red Oak Capital Secures $6M Refinance Loan for Hermosa Hotel & Apartments! Red Oak Capital has secured a $6M refinance loan for Hermosa Hotel & Apartments on Catalina Island. In this video, dive into the details of this deal, explore the beauty of Catalina Island, and discover the future of this project. Are you looking for similar investment opportunities?
Commercial Lending & Investing Through Market Changes with Red Oak CEO Gary Bechtel
In this special guest episode of The TreppWire Podcast, we are joined by Gary Bechtel, CEO of Red Oak Capital Holdings LLC. Gary shares his journey into the commercial mortgage industry and discusses the cyclical nature of the industry. He shares what differentiates Red Oak’s approach to structuring deals compared to other private lenders, as well as the asset classes and geographic markets he sees as most attractive right now. We discuss office space conversion, multifamily trends, and the expansion of the firm's product offerings to include FHA lending programs. Gary provides his outlook for capital markets in the next 12-18 months, and gives his advice for lenders and borrowers in the space. Tune in now.
Red Oak Capital Holdings Provides $5.75M to Refinance and Restore Oklahoma City Multifamily Asset Penn Grand Apartments
Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has provided a $5.75-million bridge loan for the Penn Grand Apartments, a 105-unit garden-style community is located in Downtown Oklahoma City.
The two-year, interest-only loan features an all-in rate of 10.50% and an LTSV of 61.36%. Red Oak Regional Manager Nick Jans originated the loan alongside Senior Underwriter Thomas Gorski and CRE Loan Administrator James Myatt. Sean Reilly of Regions Bank brokered the transaction on behalf of the borrower, Gideon Properties, a distressed asset investor with a $60-million, 116-property portfolio.
Red Oak Capital Holdings Provides Bridge Loan for Philadelphia Midrise
Red Oak Capital Holdings, LLC, has provided a $9.225-million bridge loan for the Ridge Avenue Apartments, a newly built residential community in Philadelphia.
Red Oak Capital Provides $8.7M Acquisition Loan for Multifamily Property in East Point, Georgia
EAST POINT, GA. — Red Oak Capital Holdings has provided an $8.7 million bridge loan for the acquisition and renovation of Garden Courts Apartments, an 86-unit multifamily community in the southwestern Atlanta suburb of East Point within three miles of Hartsfield-Jackson Atlanta International Airport. Underwritten within Red Oak’s Opportunistic Bridge Loan Program, the nonrecourse, interest-only loan carries a two-year term with a 73.9 percent loan-to-value ratio. Dave Christensen, Thomas Gorsk and James Myatt of Red Oak originated the loan. Arden Gist of Gist Group LLC arranged the financing on behalf of the borrower, Atlanta-based Miller Capital Properties.
Red Oak Capital Holdings Provides $8.65M Financing for the Atlanta
Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has closed an $8.65-million bridge loan for the acquisition and renovation of Garden Courts Apartments, an 86-unit garden-style multifamily community in East Point, a growing submarket within the Atlanta metropolitan area.
This Week's Dallas-Fort Worth Deal Sheet
Westmount Realty Capital Sells 1980s-Era Multifamily Property
After adding extensive upgrades, a Dallas-based company sold a 45-year-old apartment complex in Arlington.
Red Oak Capital Holdings provides $10.30 million in financing for two multifamily properties in Indianapolis market
Red Oak Capital Holdings, LLC provided a combined $10.30 million in financing for a pair of multifamily properties located in metropolitan Indianapolis.
The separate bridge loans funded the acquisition and planned renovations of the assets by the sponsor, a value-add investor with extensive experience in the local market.
At $8.60 million, the loan for Canterbury House Apartments in Lawrence, IN accounted for the bulk of the financing total. Structured under Red Oak’s Core-Plus Bridge Loan Program, the loan has a three-year term and an LTSV of 65.90%. Located on 5.8 acres at 7955 Kingsmead Drive, the 84% occupied community features 110 one- to four-bedroom units in seven buildings, as well as a pool, playground, and clubhouse.
Beware of Investment Phishing Expeditions
Please be aware that phishing campaigns and deepfake images/videos aren’t intended only for consumers. They target businesses, too, and the commercial real estate industry is not immune. Connect CRE has learned of a rise in fraud cases where criminals are using old corporate logos and materials of legitimate companies and using them to convince unsuspecting borrowers to submit personal data.
