Eastern Union Funding Secures $19.6M Construction Loan For 150-Unit Multifamily Project At 600 Bond Street, Bridgeport, CT

A former healthcare complex at 600 Bond Street in Bridgeport, CT, is set to undergo a transformation. Eastern Union has arranged a $19.6 million construction loan for the project, which will convert the complex into a multifamily property consisting of 150 units. The property will also feature a 7,069-square-foot fitness center.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,600,000
• Square Footage: 131,075
• Units: 150
• Address: 600 Bond Street
• Market: Bridgeport, CT

Abraham Bergman from Eastern Union Funding has played a crucial role in securing the $19.6 million construction loan for the project. As the broker representing the deal, Bergman has facilitated the financing that will enable the transformation of the former healthcare complex into a modern multifamily property. With his expertise and network, Bergman has successfully arranged the loan, ensuring the project's progress.