NewPoint Real Estate Capital Provides $61M Bridge Loan For Multifamily Property In Chester Springs, PA

The multifamily property located at 240 Windgate Drive in Chester Springs, PA has been involved in a closed transaction. The property consists of 172 units and is situated in the market of Chester Springs.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $61,000,000
• Address: 240 Windgate Drive, Chester Springs, PA
• Market: Chester Springs, PA
• Units: 172

The lender for this transaction was NewPoint Real Estate Capital, while Rose Valley Capital acted as the landlord. The brokers involved in the deal were Morris Betesh and Alex Bailkin from Meridian Capital Group.

This bridge loan was provided by NewPoint Real Estate Capital, enabling the transaction to proceed smoothly.