NEW YORK, June 22, 2021 / PRNewswire / – New York-based global investment firm Arena Investors, LP (“Arena”) announces the closure of a deal to provide a 12-month, USD 6.6 million USA bridging loan to an independent investor in Texas purchase and renovate an apartment building in the area.
The property is a residential complex of 228 apartments in g. Wichita Falls, TX consisting of 35 buildings and pools in each complex. The facility is conveniently located away from major roads and just 8 miles from Sheppard Air Force Base, the largest employer in the area.
John BauerThe loan was initiated by the senior adviser on the strategy of real estate lending Arena with stable income. Arena’s strategy is to look for opportunistic situations where the firm can provide senior loans to consolidate commercial real estate with different asset types and in different markets. John noted: “The loan had to be closed within 30 days to meet the closing date and we are pleased to report that Arena was able to meet the deadline set by the Borrower. preferred provider of capital. ”
The firm is actively pursuing other investments in this area, with a solid dedicated capital base for deployment and added flexibility regarding product type, LTV, duration and size.
About Arena Investors, LP
Arena Investors, LP (“Arena”) is an institutional asset manager formed in partnership with The Westaim Corporation (TSXV: WED). With $ 2.2 billion transferred assets under management as of January 1, 2021and a team of more than 80 employees in offices around the world, Arena offers creative solutions for those looking for capital in special situations. The firm attracts people with years of experience, experience combined with complexity, ability to deliver on time and flexibility to engage in transactions that cannot be handled by banks and other traditional financial institutions. See www.arenaco.com for more information.
SOURCE Arena Investors