Fort Worth Multifamily Acquires $13.93M Bridge Loan With Old Capital & Newmark Brokers

A bridge loan of $13,930,000 was secured for a multifamily property located at 2925 W. Normandale Street in Fort Worth. The loan was provided on May 12, 2021, and had a loan-to-cost (LTC) ratio of 80% and an interest rate of 3.65%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,930,000
• Address: 2925 W. Normandale Street
• Market: Fort Worth

The brokers involved in this transaction were John Brickson from Old Capital and Jakob Andersen from Newmark.

This deal highlights the collaboration between John Brickson from Old Capital and Jakob Andersen from Newmark. They represented the parties involved in securing the bridge loan for this multifamily property in Fort Worth.