WS Communities Secures $50.3M Bridge Loan From Ready Capital For Brentwood Multifamily Acquisition

The Multifamily property located at 11640 Mayfield Avenue in Brentwood has recently undergone a closed transaction. The property consists of 59 units and is owned by WS Communities. The deal was facilitated by Bryan Gortikov from Gortikov Capital, representing the buyer and seller. The transaction took place on 03/09/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,300,000
• Address: 11640 Mayfield Avenue, Brentwood
• Market: Brentwood
• Units: 59

The loan for this transaction was provided by Ready Capital in the form of a $50,300,000 bridge loan. The loan term is 3 years with a floating interest rate.

For more information and updates on this transaction, please refer to Bryan Gortikov from Gortikov Capital, who represented the buyer and seller in this deal.