Villa Verde Communities

OKC, OK

Loan Amount

$1,500,000

Deal Description

Kay Finance secured a preferred equity check for this transaction for a US based private equity firm. The deal had enough inplace cash flow to support the preferred return as well as was an advantageous structure for the sponsor who anticipates a significant IRR return once the value add strategy is complete. This was on the sponsor's first deals and was crucial for them to have a partner they can rely on to ensure they will close on the transaction.

Property Location

OKC, OK

 Quick Stats 
Partner Type

Preferred Equity

Program Type

Acquisition

Program details

- Last dollar at 90% LTC
- 15% preferred return
- No additional IRR hurdles
- Closed in under 50 days