AUSTIN--Oak Grove Capital has originated $63million of fixed-rate Fannie Mae loans for InvestorsCapital Group (ICG) to acquire four separate market-rate,garden-style apartment projects in Austin.
“Oak Grove is fortunate to have loyal customers like ICG,”Brian Kelleher, managing director of Oak GroveCapital, told GlobeSt.com. “While our volumes continue to grow yearafter year, 80 percent of our loan closings come from returningcustomers.”
Since February 2013, ICG has worked with Oak Grove Capital onnine transactions with a total combined loan amount of $120million.
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