Kelli Walsh Of Blue Iron Development Secures $67.5M Bridge Loan From Dwight Mortgage Trust

The property asset involved is a multifamily dwelling located at 1 Forest Ridge Blvd in Saratoga Springs, featuring a total of 260 units. The transaction involves a bridge loan secured for the amount of $67,500,000 to refinance the existing loan for the Elements at Saratoga Lake, which was previously obtained two years ago.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Asset Address: 1 Forest Ridge Blvd
• Market: Saratoga Springs
• Lender: Dwight Mortgage Trust
• Landlord: Kelli Walsh - Blue Iron Development
• Loan Originators: David Scheer & Alex Izso - Dwight Mortgage Trust
• Units: 260
• Loan Type: Bridge

The key individuals involved in the deal include Kelli Walsh representing Blue Iron Development and the loan originators David Scheer and Alex Izso from Dwight Mortgage Trust. This collaboration reflects the refinancing strategy for the multifamily asset previously funded under an identical loan structure.