OUR PORTFOLIO | < back to map
The Valencia, Vallejo, CA

The Valencia is an 80 unit garden style apartment community located in Vallejo, CA, which was purchased from the construction lender following a failed condominium conversion and subsequent foreclosure.  Three different lenders held various interests in the debt and were unwilling to allow a purchaser to arrange project financing.  Reliant purchased the property 100% vacant from the bank in an all-equity acquisition.

Reliant finished the renovations and leased the property to stabilization within six months of closing and secured attractive long term agency financing, while preserving the condominium map on the property.