BridgeInvest Closes a $46.5 MM Refinance Loan in San Marcos, TX

1st Priority Mortgage Loan

Loan Amount
$46,500,000
Property Type
Multifamily
Location
San Marcos, TX

BridgeInvest is excited to announce the closing of a $46.5 million senior participation in a larger loan for the refinance of a 384-unit multifamily property in San Marcos, TX. The Sponsor will continue to lease-up the property through stabilization.

  • Repo-like pricing with enhanced flexibility
  • One week close after A-Note lender failed to transact
  • Long-term market stabilization driven by strong demographics despite new supply
Transaction media