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

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FINANCED
$2,650,000

District Of Columbia

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MultiFamily
Financed 04/27/2023
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FINANCED

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

4725 Minnesota Avenue Northeast Washington, District Of Columbia 20019, Usa

See Similar Deals
MultiFamily
Financed 04/27/2023
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Summary

Asset Type:MultiFamily
Transaction Type:Loan

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

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.

Players

Gary Bechtel
8 deals$37.8M volume
LENDER

Details

FINANCED
IMAGE: Gary Bechtel DATE: 04/27/2023 ADDRESS: 4725 Minnesota Ave NE MARKET: Washington, DC ASSET TYPE: Multifamily ~ UNITS: 12 LENDER: Red Oak Capital Holdings - Gary Bechtel LOAN AMOUNT: $2,650,000 LOAN TYPE: Bridge loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,650,000.00

Monthly NOI$17,666.67
Monthly Debt Service$16,749.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00