FINANCED
Fort Worth Multifamily Acquires $13.93M Bridge Loan With Old Capital & Newmark Brokers
2925 West Normandale Street
MultiFamily
156,405 SF
156,405 SF
Financed 1 year ago
Summary
Loan
TEXAS
MultiFamily
156,405 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
FINANCED
IMAGE: Jakob Andersen & John Brickson
DATE: 05/12/2021
ADDRESS: 2925 W. Normandale Street
MARKET: Fort Worth
ASSET TYPE: Multifamily
BROKERS: John Brickson (@JBrickson) - Old Capital, & Jakob Andersen - Newmark
LOAN AMOUNT: $13,930,000
LOAN TYPE: Bridge
LOAN TERMS: Bridge Loan - 80% LTC / 3.65%View on map
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Address2925 West Normandale Street
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