BridgeInvest Funds $2.85 MM Loan for Georgia Tech Development Site
1st Priority Mortgage Loan
BridgeInvest is excited to announce the recent closing of a $2,850,000 loan for the acquisition of a well-located 38,234 SF development site in Atlanta, Georgia. The development site strategically sits on the west side of Interstate 85 and benefits from its proximity to Georgia Tech’s Bobby Dodd football stadium.
Transaction Highlights
Quick Closing
BridgeInvest closed the loan in under four weeks to meet the sponsor’s expedited closing timeline.
Attractive Advanced Rate
In light of the sponsor’s attractive acquisition price, BridgeInvest was able to exceed its traditional land lending parameters to provide additional leverage.
Repeat Sponsor
The sponsor having worked with BridgeInvest in the past knew they could rely on our track record of closing complex land acquisitions in an efficient and expeditious manner.
