SFMG Acquires Multifamily Property In Middletown, RI For $29.5M Loan

Located at 3 Admiralty Dr in Middletown, RI, this multifamily property encompasses 179 units spread across 15 acres. The property was recently involved in a closed transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,500,000
• Loan Type: Acquisition financing
• Loan Terms: 10 year fixed rate, with two years of interest only

The transaction was facilitated by Patrick Brady from Brady Capital Advisors, LLC, representing the buyer SFMG. The deal involved a loan of $29,500,000 for the acquisition financing of the multifamily property.

Note: The image provided by Patrick Brady showcases the property involved in the transaction.