Mirate Equity Provides $7.2MM Loan to Sacramento Real Estate Company for Apartment Acquisition.
- Mirate Equity
- Jun 17, 2024
- 1 min read
Mirate Equity recently made a significant financial move by approving a $7.2 million loan to a well-known real estate company based in Sacramento. This financial injection is poised to play a pivotal role in facilitating the acquisition of a premier apartment complex in the region, showcasing Mirate Equity's unwavering commitment to fostering progress and innovation within the real estate sector.
The apartment complex, which is the beneficiary of this recent funding, boasts a total of 85 units strategically positioned to offer residents convenient access to a plethora of local amenities, transportation options, and key employment hubs. This strategic investment perfectly aligns with Mirate Equity's overarching strategy of concentrating on top-tier, income-generating properties within burgeoning markets, ensuring sustainable growth and profitability.
Arthur Chang, the Account Executive at Mirate Equity LLC, expressed his enthusiasm about the collaboration with the esteemed real estate company in Sacramento. He emphasized the significance of providing essential capital to support the expansion of their real estate portfolio and enhance housing options within the community. Chang further highlighted that this loan exemplifies Mirate Equity's steadfast dedication to endorsing real estate ventures that contribute to the vitality and progress of local economies, solidifying their position as a key player in driving positive change in the industry.