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Florida & Gulf Coast  + Miami + South Florida  + Apartments  | 
3650 REIT originated a mezzanine loan for more than $103 million for the recapitalization of the multi-state Southern Residential Portfolio

3650 REIT Originates $103M Mezzanine Loan for Multifamily Portfolio

3650 REIT originated a mezzanine loan for more than $103 million for the recapitalization of the multi-state Southern Residential Portfolio. Senior Managing Director Drew Anderman and Vice President Eddie Haber of Meridian Capital Group arranged the financing. The 12-asset multifamily portfolio spans more than 3,500 units across Louisiana, South Carolina, Georgia, and Tennessee. 

The loan, originated from 3650’s Bridge and Event Driven (BED) lending platform, carries an initial term of 24 months and is provided to a joint venture between sponsors David Werner Investments and Onyx Partners, a real estate investment firm led by Jeremy Rieder, and Carlton Associates.

The portfolio comprises more than 3.7 million rentable square feet and spans a mix of one-, two- and three-bedroom apartments with an average size of 1,020 square feet which provide best-in-market common amenities. Nearly one third of the units have been recently renovated with continuing interior renovations underway. 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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