BridgeInvest Closes a $66.0 MM Acquisition Loan in New York City

1st Priority Mortgage Loan

Loan Amount
$66,000,000
Property Type
Multifamily
Location
New York, NY

BridgeInvest is excited to announce the closing of a $66.0 million senior secured acquisition loan on a 14-property portfolio of rent stabilized multifamily units located across four clusters across New York City (Hudson heights, Washington heights, Prospect Park, and Brighton Beach).

Transaction Highlights:

  • 14 building transaction consisting of 726 units spread across 4 different clusters
  • Portfolio is predominately rent stabilized
  • Quick closing timeline
Transaction media