- Sagicor Financial Closes C$200 Million Term Loan Credit Facility Refinancing
- OHA is Administrative Agent & Lead Left Arranger for Private Refinancing of FloWorks
- CIFC To Acquire LBC Credit Partners
- CIT Launches New Golf & Turf Equipment Leasing and Financing Vertical
- Paragon 28 Announces New $150 Million Credit Facility Replacing Existing $90 Million Credit Facility
T-MAX Lending LLC Provides $45 Million Loan for Renovation of 226-Unit Apartment Tower in New Orleans, LA
October 15, 2024
Source: T-MAX Lending LLC
T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area. The funds will be used to modernize the property and lease it out to full stabilization.
"T-MAX Lending LLC offered a flexible loan that gave us the capital needed to complete our project," said Jones. "Their team ensured a smooth, timely closing. We look forward to continuing our partnership with Jackson and the T-MAX team as we finish the renovation."
In its announcement, T-MAX Lending LLC highlighted its focus on real estate debt funds, actively lending in markets across the U.S. and internationally.
"We are pleased to provide this financing," said Jackson Valerie, VP of Originations at T-MAX Lending LLC. "With commercial banks scaling back lending due to rising interest rates, regulatory scrutiny, and economic concerns, we see significant opportunities to fill this market gap and support real estate projects like this."
Jackson Valerie
Info@tmaxlending.com
+1 (619) 259 0177
www.tmaxlending.com