Gary Bechtel's Red Oak Capital Holdings Provides $2.65M Bridge Loan For 12-Unit Multifamily In Washington, DC

The multifamily property located at 4725 Minnesota Ave NE in Washington, DC has recently undergone a closed transaction. This property consists of 12 units and was the subject of a loan.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,650,000
• Market: Washington, DC
• Lender: Red Oak Capital Holdings - Gary Bechtel
• Loan Type: Bridge loan

Red Oak Capital Holdings, represented by Gary Bechtel, provided a loan amount of $2,650,000 for the multifamily property located at 4725 Minnesota Ave NE in Washington, DC. The loan was structured as a bridge loan, allowing the borrower to bridge the gap between the purchase of the property and securing a long-term financing solution.