The asset involved in this transaction is Beacon Place Northport, a multi-family property consisting of 90 units located at 14110 Paul Howell Road in Northport, Alabama. The transaction entails a loan amount of $33,000,000 under a pre-stabilized bridge loan arrangement designed to provide financing for lease-up activities.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $33,000,000
• Loan Terms: 24-month, non-recourse bridge loan with an optional 12-month extension and a 30-year amortization
• Market: Northport, AL
• Broker: Paul Harbor - Bellwether Enterprise (BWE)

The transaction was facilitated by Paul Harbor from Bellwether Enterprise, who played a role in securing the refinancing deal. BWE utilized its proprietary bridge loan product to assist the borrower with cost-efficient financing options for the property.