October 15, 2024
T-MAX Lending LLC, based in San Diego, CA, has extended $45 million in financing to support the renovation of a 226-unit apartment tower in New Orleans. The loan was provided to an entity owned by Brian Pulisic, a borrower with extensive experience in value-add projects in the area. The funds will be used to modernize the property and lease it out to full stabilization.
"T-MAX Lending LLC offered a flexible loan that gave us the capital needed to complete our project," said Jones. "Their team ensured a smooth, timely closing. We look forward to continuing our partnership with Jackson and the T-MAX team as we finish the renovation."
In its announcement, T-MAX Lending LLC highlighted its focus on real estate debt funds, actively lending in markets across the U.S. and internationally.
"We are pleased to provide this financing," said Jackson Valerie, VP of Originations at T-MAX Lending LLC. "With commercial banks scaling back lending due to rising interest rates, regulatory scrutiny, and economic concerns, we see significant opportunities to fill this market gap and support real estate projects like this."