MonticelloAM obtains financing for Reap Capital’s acquisition and renovation of 167-unit, The Calvin Apartments, in Plano from Tides

1/8/2025

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Connect CRE

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing | Renovation | Sale

• Additional Filters-Subcategory: Capital Market: Bridge Loan, Capital Markets: Fund-Value Added, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: MONTICELLOAM LLC, Tides Equities

MONTICELLOAM (“MonticelloAM”) closed on $23 million in bridge financing for a 167-unit multifamily property in Plano, Texas. The financing was originated by MonticelloAM’s Chris Hetzel and carries an initial 24-month term with multiple extension options for the Sponsor, Reap Capital.