Merchants Bank Of Indiana Provides $21.34M Bridge Loan For Jackson, Mississippi Multifamily Project

The multifamily property located at 420 & 425 Beasley Rd. in Jackson, Mississippi has been involved in a closed transaction. The property spans approximately 340,000 square feet and is owned by Ember Equities, represented by Bryon Schlosser and Isaac Richter. The deal was facilitated by brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates. The transaction involved a bridge loan from Merchants Bank of Indiana, with a loan amount of $21,340,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,340,000
• Address: 420 & 425 Beasley Rd., Jackson, Mississippi
• Market: Jackson, Mississippi
• Lender: Merchants Bank of Indiana
• Landlord: Ember Equities - Bryon Schlosser & Isaac Richter
• Brokers: Steven Vegh & Phil Goldstein - Westwood Realty Associates
• Loan Type: Bridge

The deal's key individuals and companies include Ember Equities, represented by Bryon Schlosser and Isaac Richter, and the brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates. The loan was provided by Merchants Bank of Indiana. The transaction marks an important milestone in the multifamily market in Jackson, Mississippi.