BridgeInvest Closes a $24.4 MM Refinance Loan in San Antonio, TX

1st Priority Mortgage Loan

Loan Amount
$24.4 MM
Property Type
Multifamily
Location
San Antonio, TX

BridgeInvest is excited to announce the closing of a $24.4 million bridge loan secured by a 181-unit Class A multifamily property in the Far West San Antonio submarket of San Antonio, TX. The Sponsor will complete lease-up and burn off concessions of the recently delivered property before pursuing a sale during the loan term.

Transaction Highlights:
· Flexible bridge execution for a lease-up asset in a supply-pressured market
· Speed and certainty of close
· Deep market underwriting and submarket conviction

Transaction media