Re-enter into the Houston market in Texas.
Working with new sponsor who had issues with previous management company and couldn’t secure a loan.
Tzadik personally guaranteed the loan.
Secured the financing within 30 day window.
Sent out due diligence team within 24 hours in the ground.
Closed on the loan within 30 days.
Foothold in Texas
Economy of scale and employee culture
Expect property to be stabilized by month 3