OPPORTUNITY
Re-enter into the Houston market in Texas.

CHALLENGE
Working with new sponsor who had issues with previous management company and couldn’t secure a loan.

EXECUTION
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.

OUTCOME
Foothold in Texas
Economy of scale and employee culture
Expect property to be stabilized by month 3