$2,900,000 Bridge Loan for Apartment Property
Transaction Description:
$2,900,000 Bridge Loan for Apartment Property - Acquisition & Value-Add:
36-unit Apartment Property Southeast US
75% LTC
Non-Recourse
Low-4.00%’s Floating Rate
Non-Recourse Bridge to Agency
Low Going-In Cap Rate
$2,900,000 Bridge Loan for the acquisition and value-add of a 36-unit apartment property in the Southeast. Mandri Capital worked closely with debt fund lender and vendors to facilitate a smooth loan closing. Sponsor is a repeat Mandri client. Lender is a long-standing relationship. Mandri Capital arranges Bridge Loans, Construction Loans and Perm Loans on Residential and CRE developments, nationwide. We have grown our capital advisory practice almost exclusively on referrals from clients and capital providers.
