Updated Dec 4, 2024
We Lend Provides $4.4M Bridge Loan For Multifamily Properties In Bridgeport, CT
$4,441,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2023
About this deal
AI
A balance sheet lender, We Lend, has recently closed and funded 3 multifamily value-add properties in Bridgeport, CT. The loan amount provided for these properties is $4,441,000. This loan is of the Bridge type.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,441,000
- Market: Bridgeport, CT
- Lender: We Lend
- Loan Type: Bridge
- Date: 10/01/2023
We Lend, a balance sheet lender, is thrilled to share their recent successful financing of 3 multi-family value-add properties in Bridgeport, CT. They were able to provide their returning borrowers with flexible and competitive loan terms.
For any financing needs or further inquiries, interested parties can reach out to Solomon Suleymanov directly. Solomon can be contacted at (212)-257-3888 or via email at [email protected].
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.57%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93