EquityMultiple Provides $7.25M Bridge Loan For Enfield Industrial Facility Acquisition

EquityMultiple, Inc. provided an 85% LTC bridge loan of $7,250,000 for the acquisition and lease-up of a 167,000 SF industrial facility located at 215 Moody Rd, Enfield, CT. The loan was secured for the property by Twin Peaks Asset Management on behalf of the borrower. The transaction took place on March 31, 2022.

Summary of transaction details:

• Property Type: Industrial
• Market: Enfield, CT
• Square Footage: 167,000 SF
• Lender: EquityMultiple - Peter Paladino
• Landlord: Twin Peaks Asset Management - Adrian Edery, David Marasow, and Avraham Mehl
• Broker: Paradigm Commercial Real Estate

EquityMultiple, Inc. provided creative financing solutions for the acquisition and lease-up of the industrial facility. Peter Paladino from EquityMultiple facilitated the loan process. The landlord, Twin Peaks Asset Management, represented by Adrian Edery, David Marasow, and Avraham Mehl, played a crucial role in securing the loan. Paradigm Commercial Real Estate acted as the broker in this transaction.