Lucent Capital Advises on $246 MM of Debt and Equity for Construction of Apartment Projects in Las Vegas and Reno

26 January 2022
[email protected] Lucent Capital

Commercial real estate finance and investment advisory firm Lucent Capital successfully advised Tru Development on $246 Million in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. 

 

[email protected], a 356-unit multifamily development in Las Vegas, NV, received $78.4 Million in non-recourse construction debt and $56.6 Million in Co-GP and LP Equity.   [email protected], a 360-unit multifamily development in Sparks/Reno, NV, received $66.5 Million in non-recourse construction debt and $44.3 Million in Co-GP and LP Equity. 

 

“Lucent Capital helped secure multiple debt and equity term sheets for both projects,” announced Managing Director Adam Emrani. “We assisted our sponsor in putting together the full capital stack, including a Co-GP that provided balance sheet support. Lucent takes great pride in supporting our clients, whether its raising debt or equity or sourcing investment opportunities that meet their specific acquisition criteria.”