Radiant will spend $15 million to renovate the 209 units of affordable housing in five phases, over eighteen months.
“There is a lending void in specific segments of commercial real estate, especially those under $5 million in size,” says Ben Easterlin V, senior vice president of commercial lending at Angel Oak, and managing director of the new commercial lending arm.
The apartment complex, comprised of 24 buildings, expands the firm’s local multifamily portfolio to 1,000 units.
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