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Mirate Equity Provides $7.2MM Loan to Sacramento Real Estate Company for Apartment Acquisition

June 17, 2024, 06:00 AM
Filed Under: Real Estate

Mirate Equity approved a $7.2 million loan to a prominent real estate company based in Sacramento. This funding will facilitate the acquisition of a premier apartment complex in the area, reinforcing Mirate Equity's dedication to advancing growth and development in the real estate industry.

The newly funded apartment complex consists of 85 units, strategically situated to provide easy access to local amenities, transportation, and employment centers. This investment aligns with Mirate Equity's strategy of focusing on high-quality, income-generating properties in expanding markets.

"We are thrilled to collaborate with a reputable real estate company in Sacramento, offering the essential capital to grow their portfolio and improve the housing options in the community," stated Arthur Chang, Account Executive at Mirate Equity LLC. "This loan underscores our commitment to backing real estate projects that enhance the vibrancy and development of local economies."

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