Harbor Group International Provides $14.4M Bridge Loan For Multifamily Property In Irving

1216 N Britain Rd in Irving has been the subject of a recent closed property transaction. This multifamily property, located in the market of Irving, has attracted attention in the real estate industry.

Summary of transaction details:

• Property Type: Multifamily
• Address: 1216 N Britain Rd
• Market: Irving

The loan for this transaction was provided by Harbor Group International. The borrower, Raj Guntnur, secured a bridge loan with a value of $14,440,000. The loan terms stipulated an 80% LTC (Loan-to-Cost) ratio.

Facilitating this transaction were brokers John Brickson from Old Capital, Pete Hartnett, and Matt Waskow from Rowan Multifamily Advisors. They worked tirelessly to ensure a successful deal for their respective clients.

This closed property transaction showcases the active real estate market in Irving and the demand for multifamily properties. With the involvement of reputable lenders and experienced brokers, this deal highlights the confidence in the market and the valuable investment opportunities it presents.