Optimal Realty Capital Secures $7.3M Bridge Loan For Multifamily Property In Harker Heights

An undisclosed multifamily property located at 201 Lookout Ridge Blvd in Harker Heights has been involved in a closed transaction. The property, owned by Optimal Realty Capital, has secured a bridge loan from lument''>Lument. The loan, amounting to $7,285,000, is a non-recourse bridge loan with 75% loan-to-cost (LTC) ratio. The terms of the loan provide the necessary financing for the property.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $7,285,000
• Address: 201 Lookout Ridge Blvd, Harker Heights
• Market: Harker Heights

John Brickson from Old Capital represented the landlord, Optimal Realty Capital, in this transaction. His expertise in real estate finance played a vital role in securing the loan from Lument. The bridge loan provided by Lument will enable Optimal Realty Capital to pursue their investment goals for the multifamily property.