BridgeInvest Closes a $15.0 MM Acquisition & Rehab Loan in Tulsa, OK
1st Priority Mortgage Loan
Loan Amount
$15,000,000
Property Type
Multifamily
Location
Tulsa, OK
BridgeInvest is excited to announce the closing of a $15 million acquisition and rehab loan that is senior secured by 224 multifamily units in Tulsa, OK. The loan capitalized the acquisition of the asset and future funding will be used to modernize 40% of the units, allowing rents to be brought to market and adding value to the property.
Transaction Highlights:
- BridgeInvest closed the deal 21 days after going under contract
- Cash-flowing asset with value-add business plan
- Secondary market
