Brick City Capital Provides $2.6M Bridge Loan For Multifamily Acquisition In New Britain

A cash flowing multifamily asset located at 112 Lasalle St. in New Britain, Connecticut, has been acquired with the assistance of a bridge loan provided by Brick City Capital. The property spans approximately 25,512 square feet and was purchased by Abraham Indig.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,634,000
• Lender: Brick City Capital
• Lender Representatives: Eric Panecki & Veronique Hut
• Loan Type: Bridge
• Loan Terms: 12 months

Brick City Capital facilitated the acquisition of the cash flowing multifamily asset by providing a high-leverage acquisition-only bridge loan. Specializing in multifamily bridge and ground-up development loans for acquisition, repositioning, and construction, Brick City Capital offers flexible terms and a high certainty of execution.