Trillium Capital Resources (TCR) announced 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 is located in Madison, Alabama and will receive a fixed rate financing package for 35 years.
“We have the privilege of assisting our clients in their endeavors nationwide and are always pleased to obtain desirable commitments for our clients. We are proud to announce another successful HUD commitment through Red Mortgage Capital” said Scott Taccati, President of Trillium Capital Resources.
Brent Shryock, Vice-President of Development, commented, “Our Jacksonville based office has the resources and capabilities to achieve results for our clients nationwide.” Shryock continued, “For multifamily operators who have a long term hold strategy to their portfolio, the HUD program offers very desirable terms in the market today. “
Trillium Capital Resources is a direct correspondent with 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. Trillium Capital Resources will secure the most competitive financing options for their CRE portfolios through strategic alliances with established nationwide lenders. For more information, please visit our website: www.trillium-capital.com