BridgeInvest Closes a $55.5 MM Acquisition and Renovation Loan in Houston, TX

1st Priority Mortgage Loan

Loan Amount
Property Type
Houston, TX

BridgeInvest is excited to announce the closing of a $55.5 million acquisition and renovation loan that is senior secured by an 810-unit multifamily asset in Houston’s Westchase Submarket. The fully occupied property will undergo interior and exterior renovations and then stabilize to market rents.

Transaction Highlights:

• 810-unit Class B; 90% Occupied at Closing
• Heavy Value Add Business Plan
• Short Closing Window

Transaction media