Bernard Wolff Of Avant Capital Provides $32 Million Bridge Loan For St. Louis Multifamily Property

The asset involved in this transaction is a multifamily property consisting of 153 units located in St. Louis, MO. The property had been adversely affected by a tornado and was completely vacated, requiring significant repairs for its reopening.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Lender: Bernard Wolff - Avant Capital
• Broker: David Minzer - AANDAR Real Estate Capital
• Loan Type: Bridge

This bridge loan was structured specifically to provide funding for the repairs necessary to restore the property and to carry the asset through its lease-up period ahead of the upcoming leasing season.