ATC Managers Secures $37 Million Loan for Multifamily Portfolio Acquisition

BAKERSFIELD, Calif. - Dec. 23, 2024 - PRLog -- ATC Managers is pleased to announce the successful closure of a $37 million acquisition loan for a multifamily portfolio located in Queens, New York, just 15–20 minutes from Manhattan by subway. The portfolio comprises five properties, featuring a mix of mid-rise apartments and garden-style complexes. With a total of 150 units and a stabilized occupancy rate of 95%, the properties are situated in a high-demand urban/suburban market, offering convenient access to transportation hubs, retail centers, and employment hubs. "This transaction exemplifies our ability to structure financing that meets the unique demands of today's competitive real estate market," said Vanmatre Wilbur, CEO of ATC Managers. "By securing long-term stability at favorable terms, we're not just helping investors acquire properties—we're aiding investment in communities and setting the foundation for sustained growth." ATC Managers structured the deal with a 6-year loan term and a fixed-rate at 9.5%, with a balloon payment at maturity. This financing underscores the company's commitment to delivering customized solutions for complex transactions in competitive markets. For further information about ATC Managers and our financing solutions, please visit our website at https://www.ATCManagers.com.