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29th Street Announces Closing on Preferred Equity Investment in Murfreesboro, TN

PRESS RELEASE


29th Street Announces Closing on Preferred Equity Investment in Murfreesboro, TN


Chicago, IL - June 26, 2024 - 29th Street Finance proudly announces the successful completion of a $5.3 million preferred equity investment in The Dylan, a multifamily property situated in Murfreesboro, TN.


"We are excited to have finalized the preferred equity investment in The Dylan," stated Jeff Gragnolati, Managing Principal of Preferred Equity at 29th Street. "Our streamlined process, featuring straightforward, agency-compliant documents, ensures a hassle-free experience for our borrowers. While working seamlessly alongside Freddie Mac, this deal exemplifies our commitment to providing efficient and effective financing solutions."


29th Street Finance specializes in preferred equity investments between $3 and $15 million, offering competitive rates and terms tailored to meet the unique needs of our clients in all major markets. Our lending program is designed to support borrowers seeking quick closings with a reliable partner, who as a large owner-operator itself, knows what works. For further information about 29th Street and its investment opportunities, please visit 29SC.com.


About 29th Street:

Headquartered in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate and Proptech. We lend to, acquire, develop, renovate, and manage multifamily communities nationwide, deploying our technology to enhance the resident experience and optimize property performance. Backed by more than 15 years of delivering above market returns across over $5.1 Billion in assets, our culture is driven by our Mission, Vision, and Values. The firm's portfolio spans across multiple states and 1 encompasses a diverse range of property types. Learn more about 29th Street at 29SC.com.


PRESS CONTACT

Sharie Damm

Director of Corporate Communications and Public Relations

sharie.damm@havenresidential.com

312-933-2434

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