January 23, 2026

These Class C properties have a total of 201 units and are all owned and managed as one property. Phase one was built in the 1970s and phase two was built in the 1980s. The lender had already made two other loans on the property over the previous 4.5 years. The original loan Bison Financial placed was $13M. Then the firm arranged a first supplemental loan for about $3M a couple of years later and then arranged this $5.1M loan. All these proceeds went to the borrower as cash out. More