Garfield Apartments
Cincinnati, OH
Refinance & Construction Financing

LFB Ventures was engaged by a client to structure the refinance of an existing loan which had matured, along with the request to provide additional proceeds to complete the hotel to multifamily conversion. The original property was a business center hotel offering both short and long term stay options, with ground floor retail and restaurant space. The proposed, renovated building will provide 154-units of Class A apartments, along with office and ground floor retail.

The term of the loan was for 18 months with extensions to provide enough runway to lease and stabilize the asset. LFB also took a role in the financing of this asset as a preferred equity investor, and has been exclusively engaged to complete the permanent financing once ready.

More Transactions

Hilltop Phase 2
Single-family Residential Project
Refinance and Vertical Financing
San Diego, CA
CalTier SD
Short-Term Condo
Short-term Rental Refinance
San Diego, CA
Twin Rivers
Single-family Residential Project
Development and Construction Financing
Covington, GA

stay in touch

Today's Rates

This will close in 0 seconds