Pennybacker Capital Provides $42M Bridge Loan For Multifamily Property In Crowley, TX

The multifamily property located at 305 West Fm 1187 in Crowley, TX has recently undergone a significant transaction. The property consists of 270 units and is owned by Landmark Companies. The property is valued at an estimated market value.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Lender: Pennybacker Capital
• Broker Representative: Jay Miller, Aj Felberbaum & Spencer Miller - BayBridge Real Estate Capital

In this deal, Landmark Companies secured a bridge loan of $42,000,000 from Pennybacker Capital. The loan will provide financial stability and support for the property. Jay Miller, Aj Felberbaum & Spencer Miller, representing BayBridge Real Estate Capital, served as the broker representatives in this transaction.