T2 closes three loans to end the first quarter of 2022 strong

A $10.78 million loan enables the acquisition and improvement of two adjacent office buildings totaling over 200,000 square feet in Naperville, Illinois.

Aerial image of residential apartments in San Antonio

A mezzanine loan in San Antonio, TX assists in the acquisition, renovation and repositioning of residential apartments.

residential building

A residential building within the 324 unit garden apartment community in San Antonio, TX.

The T2 team continues to stand out for its agility, integrity, transparency and certainty of execution that has made SREI a trusted financial partner for real estate professionals nationwide.

—Dan Van Prooyen

WHEATON, IL, UNITED STATES, April 8, 2022 /EINPresswire.com/ — T2 Capital Management, LLC is pleased to announce three recent loan closings through the T2 Strategic Real Estate Income Fund (SREI). The construction, relay and acquisition loans, which totaled more than $23 million, demonstrate T2’s adaptability and execution security for a quick close.

A successful asset management firm has used T2 loans multiple times to expand its portfolio. The most recent $2 million loan is for the construction of a custom-built, stand-alone retail store in Fort Wayne, Indiana. The building is expected to be delivered in the second quarter of 2023. The borrower used T2 due to their confidence in T2’s ability to execute a quick closing of the loan.

A $10.78 million loan enables the acquisition and improvement of two adjacent office buildings totaling over 200,000 square feet in Naperville, Illinois. The property owned by the lender was purchased at auction and the borrower was able to take advantage of the adaptability of T2 to craft a loan with terms suited to their circumstances and their ability to close the loan within two weeks.

A $6 million mezzanine loan was secured alongside a $42 million senior loan to assist in the acquisition, renovation and repositioning of a 324-unit garden apartment community located on 25 acres in San Antonio, TX.

Dan Van Prooyen, Director of Loans at T2 Capital Management, said: “Today, the acquisition of commercial real estate is hyper-competitive. The challenges for our borrowers are many, but financing is not one of them. T2 strives to be first to the closing table with no surprises. The T2 team continues to stand out for its agility, integrity, transparency and certainty of execution that has made SREI a trusted financial partner for real estate professionals nationwide.

Based in suburban Chicago (Wheaton), T2 serves as a balance sheet lender that has funded multiple projects across the United States, including ongoing projects in more than 15 states. To learn more about debt financing or investment opportunities available with T2 Capital Management, visit T2investments.com.

About T2 Capital Management: T2 is a growing Chicago-based private equity real estate firm. Since its inception in 2011, T2 has deployed over $1.2 billion and currently manages around $500 million. The company is actively seeking lending opportunities nationwide.

Dan Van Prooyen
T2 Capital Management
+1 630-590-9511
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