BoulderBayApt13_061517

Boulder Bay Apartments

Boulder Bay Apartments is a gorgeous apartment complex in Amarillo, Texas. With close proximity to schools and shopping, it’s a high value asset for any portfolio.

The buyers wanted to do some construction/modification so Construction Take Out was included, along with one month stabilization. 

This was a long-term DUS w/4 yrs interest-only to generate the liquid capital needed for renovations.

$19.65M Loan