Lucent Capital Advises on $246 MM in Debt/Equity for Las Vegas and Reno Apartment Developments

eTradeWire News/10664514
BEVERLY HILLS, Calif. - eTradeWire -- Commercial real estate finance and investment advisory firm Lucent Capital successfully advised Tru Development on $246 Million in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada.

KaktusLife@theCurve, a 356-unit multifamily development in Las Vegas, NV, received $78.4 Million in non-recourse construction debt and $56.6 Million in Co-GP and LP Equity.   theApex@Vista, a 360-unit multifamily development in Sparks/Reno, NV, received $66.5 Million in non-recourse construction debt and $44.3 Million in Co-GP and LP Equity.

"Lucent Capital helped secure multiple debt and equity term sheets for both projects," announced Managing Director Adam Emrani. "We assisted our sponsor in putting together the full capital stack, including a Co-GP that provided balance sheet support. Lucent takes great pride in supporting our clients, whether its raising debt or equity or sourcing investment opportunities that meet their specific acquisition criteria."

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About Lucent Capital
Lucent Capital (http://www.lucentcapital.com) is a leading boutique real estate finance and investment advisory firm serving real estate owners, investors, developers and financial institutions nationwide. With more than $8 Billion of collective experience through cyclical real estate environments, Lucent Capital's team of professionals has a proven track record of delivering sophisticated and creative capital solutions for a wide variety of complex real estate transactions on all major product types. Through tailor-made solutions, executable advice, and reliable financial counsel, Lucent Capital provides its clients with highly specialized advisory services spanning the entire capital markets.

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Source: Lucent Capital
Filed Under: Real Estate

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