WHEATON, Ill.—T2 Capital Management once again demonstrated its ability to move with speed and certainty, closing an $11.5 million first mortgage acquisition loan for a 136-unit Class-B apartment value-add project in Canton, MI. The loan was finalized on March 19—just seven days after T2 was presented with the opportunity. T2’s deep broker relationships in the industry made it the go-to call for the precision and speed needed for the transaction after a local community bank was unable to execute in the necessary timeline for the purchaser.
“As traditional lenders continue to struggle with execution, T2 remains committed to providing certainty, speed, and adaptability to our borrowers,” said Dan Van Prooyen, Chief Lending Officer at T2. “This transaction is another example of how our hands-on approach and strong relationships allow us to deliver results when others cannot.”
T2’s ability to gain rapid conviction and complete due diligence efficiently was driven by a well-prepared deal data room, a strong sponsor, and deep knowledge of both the market and asset class. Canton, MI—a growing suburb of Detroit located just 30 minutes from both Ann Arbor and downtown Detroit—presents a compelling investment opportunity for value-add multifamily strategies.
ABOUT T2 CAPITAL MANAGEMENT
Headquartered in Wheaton, Illinois with a second location in Nashville, T2 was founded in 2011. As a fully integrated real estate investment firm, T2 provides multiple investment strategies that cover each aspect of the capital stack within commercial real estate. T2 actively pursues acquisition and development opportunities in the student housing, multifamily, and build-to-rent space within select domestic growth markets. Through a separate business line, the firm also acts as a balance sheet lender having capitalized hundreds of projects nationwide.