Elowen Capital has structured and sourced $101 million in capitalization for ECA’s acquisition of a 20-property, 1,576-unit multifamily portfolio across 13 Texas cities.

The financing includes $94.2 million of senior and stretch senior bridge debt provided by RRA Capital and The Bancorp, along with $6.7 million in limited partner equity.

The interest-only bridge loans support both the acquisitions and planned capital improvements across the portfolio.

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