BridgeInvest Closes a $27.25 MM Refinance Loan in Hartford, CT
1st Priority Mortgage Loan
Loan Amount
$27,250,000
Property Type
Multifamily
Location
Hartford, CT
BridgeInvest is excited to announce the closing of a $27.25 million refinance loan that is senior secured by a 224-unit hotel-to-multifamily conversion property in Hartford, CT. The Sponsor will use the funds to complete the conversion and lease up of the last two floors of the property.
Transaction Highlights:
- Experienced and local Borrower
- One of the tightest multifamily markets in the US
- Located in Hartford’s revitalized Downtown North “DoNo” Neighborhood
