Old Capital Provides $8.5M Bridge Loan For Haltom City Multifamily Property

The property involved in this transaction is a multifamily asset located at 4812 Waldemar St in Haltom City. It consists of 89 units with a total square footage of 75,383. The deal was closed on 05/26/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Market: Haltom City
• Lender: Old Capital
• Broker: James Wilson - Old Capital
• Loan Type: Bridge
• Loan Terms: 75% LTC, 4% + SOFR, Full Term IO

The lender for this transaction was Old Capital, and the broker representing the deal was James Wilson from Old Capital. The loan amount for the transaction was $8,500,000, and it was a bridge loan with terms of 75% Loan-to-Cost (LTC), a 4% interest rate plus SOFR, and full term interest-only payments.