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Spring Creek, Sacramento, CA

The Reliant Group purchased a 268-unit apartment complex previously known as Suncreek Apartments, located in Citrus Heights, California. The complex was 100% vacant and subject to environmental litigation. The seller was servicing the debt without any cash flow from the property, and the lender had filed a foreclosure action. Two prior purchasers had fallen out of escrow. The Reliant Group was able to satisfy the lender in full, settle the mold litigation, pay the borrower in cash and fully rehabilitate the property to market rate rental housing.