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SG Credit Partners Provides $6MM Guarantor Based Loan to RE Holding Company

February 10, 2021, 05:00 PM
Filed Under: Real Estate

SG Credit Partners provided $6 million Guarantor Based Loan to a single-asset real estate holding company operating as a subsidiary of a broader multi-family/student housing real estate syndication portfolio.
 
The Company needed capital quickly to execute on additional portfolio purchases and support working capital at the parent level, where COVID-19 restrictions had temporarily affected occupancy rates at some of the student housing assets. Although the parent company and guarantor had a demonstrated history of success, there was no single property that had a value sufficient to provide collateral coverage on the loan. By utilizing a holistic approach of looking at both business and guarantor assets, SG was able to get comfortable with a $6MM facility secured by two properties.







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