Photo Courtesy of Tzadik Properties, LLC
Michael Davalos, Executive Vice President and Head of Acquisitions for Tzadik, worked on capital raising and placed the deals under contract. Lucas Grassano, Vice President of Finance for Tzadik, spearheaded the financing, and Tessa Frank, Regional Vice President of the Midwest for Tzadik, organized the operations to manage Estates in the Black Hills.
Vista Lodge, located in Lead, SD, closed for $1.3 million on Feb. 25, 2021. The vast 6.6-acre property includes seven bedrooms and four bathrooms. This most recent acquisition is the third short-term rental property on Tzadik Properties, LLC s portfolio. The purchase is financed by Bank of England.
MIAMI, FL - Tzadik Properties, an industry-leading multifamily property management company and one of the largest owner-operators in South Dakota, recently announced the completion of more than $115 million in refinancing transactions for portions of its Sioux Falls, SD and Rapid City, SD portfolios. These transactions are part of the company s strategy to continue expanding and finding new growth opportunities.
Spearheaded by Vice President of Capital Markets Lucas Grassano, who handled the processing, and Executive Vice President and Head of Acquisitions Michael Davalos, who oversaw the lender sourcing, the refinancing are part of the original business plan to move from short-term loans to long-term, lower-cost debt.
Tzadik Properties, LLC Announces Completion of $115 Million in Refinancing Transactions
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MIAMI, Feb. 17, 2021 /PRNewswire/ Tzadik Properties, LLC, an industry-leading multifamily property management company and one of the largest owner-operators in South Dakota, recently announced the completion of more than $115 million in refinancing transactions for portions of its Sioux Falls, SD and Rapid City, SD portfolios. These transactions are part of the company s strategy to continue expanding and finding new growth opportunities.
Tzadik Properties, LLC
Spearheaded by Vice President of Capital Markets Lucas Grassano, who handled the processing, and Executive Vice President and Head of Acquisitions Michael Davalos, who oversaw the lender sourcing, these refinancings are part of the original business plan to move from short-term loans to long-term, lower-cost debt.
Tzadik Properties, LLC Announces Completion of $115 Million in Refinancing Transactions benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Tzadik Properties, LLC Purchased LaCrosse Estates Apartments in Sioux Falls, the Largest Property Tzadik Has Purchased in the Midwest to Date
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SIOUX FALLS, S.D., Jan. 21, 2021 /PRNewswire/ Tzadik Properties, LLC, an industry-leading, multifamily property management company and one of the largest owner operators in South Dakota, in partnership with Circle Capital Partners, purchased the LaCrosse Estates Apartments in Sioux Falls, which closed on Jan. 15 for an undisclosed sum. The property is located at 761 East Anamosa St., Rapid City, SD 57701. The agent representing the buyer was Michael Haeder of Haeder & Associates of Rapid City, through a collaboration with Tzadik Executive Vice President and Head of Acquisitions Michael Davalos.