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We Lend completes $4,441,00...

Updated Dec 4, 2024

We Lend Provides $4.4M Bridge Loan For Multifamily Properties In Bridgeport, CT
FINANCEDMultiFamily

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

We Lend
We LendLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

Browse Connecticut multifamily loans on Traded.

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

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