Beekman Wilshire funds $1.93M Richmond multifamily deal

Beekman Wilshire closed $1,934,600 in acquisition and construction financing for a 26-unit multifamily property in Richmond, Virginia, with the loan funding on Sept. 10, 2026. The capital supports a value-add plan centered on unit upgrades, amenity improvements and energy efficiency work.

Why it matters: - The financing gives the Richmond property capital for planned improvements that can lift rents, occupancy and long-term asset value. - The deal adds another example of private capital backing value-add multifamily strategies in a market where lenders are favoring clear execution plans.

What happened: - Beekman Wilshire provided $1,934,600 in acquisition and construction financing for a 26-unit multifamily property in Richmond, Virginia. - The loan closed and funded on Sept. 10, 2026. - The firm structured the financing and capital stack on behalf of a private investor client. - Beekman Wilshire placed the loan through one of its private capital partners.

The details: - The borrower plans a value-add business plan for the property. - The plan includes unit upgrades, amenity enhancements and energy efficiency improvements. - Those improvements are intended to improve the tenant experience and raise the asset's performance and class. - Beekman Wilshire said the financing offered competitive terms that support the property's planned improvements and long-term value growth. - Matt Evans, Managing Partner at Beekman Wilshire, said the transaction reflects the firm's commitment to tailored financing solutions that align with clients' investment strategies. - Evans also said the property's location fundamentals and upside potential made it an attractive opportunity for the borrower.

Between the lines: - The structure points to a lender willing to underwrite business plans tied to repositioning rather than a passive hold. - Richmond continues to attract multifamily capital where sponsors can show a path to operational and physical improvement.

What's next: - The borrower will begin the planned upgrades and efficiency work after funding. - Beekman Wilshire is likely to continue pursuing bridge and construction opportunities tied to multifamily value-add projects. - The firm's broader platform includes financing, investment sales and strategic consulting across multiple property types.

The bottom line: - Beekman Wilshire used private capital to finance a Richmond multifamily deal built around a clear value-add playbook.