FINANCED
We Lend Closes $1.215M Bridge Loan For Multifamily Project In Houston, TX
We Lend Closes $1.215M Bridge Loan For Multifamily Project In Houston, TX
MultiFamily
Financed 51 days ago
Summary
Loan
TEXAS
MultiFamily
A multi-family value-add project in Houston, Texas has successfully closed and secured funding with a loan amount of $1,215,000 provided by We Lend. The loan, structured as a Bridge loan, was facilitated by We Lend after a conventional lender backed out due to a wholesale fee, showcasing their understanding of the wholesale pricing dynamics.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,215,000
- Lender: We Lend
- Loan Type: Bridge
- Note: If you have any multi-family scenarios or financing needs, please reach out directly to Solomon Suleymanov at 212.257.3888 or via email at [email protected]
Ruben Izgelov and Solomon Suleymanov of We Lend were instrumental in finalizing the financing for this multi-family value-add project, stepping in after the conventional lender withdrew. For any multi-family scenarios or financing needs, Solomon Suleymanov can be contacted directly for assistance.
Details
FINANCED
IMAGE: Ruben Izgelov & Solomon Suleymanov
DATE: 03/13/2024
MARKET: Houston, TX
ASSET TYPE: Multifamily
LENDER: We Lend (@WeLendLLC)
LOAN AMOUNT: $1,215,000
LOAN TYPE: Bridge
NOTE FROM LENDER: We're pleased to announce the successful closing and funding of a multi-family value-add project in Houston, Texas. Despite the conventional lender backing out due to a wholesale fee, We Lend stepped in. Understanding the dynamics of wholesale fees, we were able to structure our lending based on the wholesale price.
If you have any multi-family scenarios or financing needs, please don't hesitate to reach out directly to Solomon Suleymanov at 212.257.3888 or via email at [email protected]View on map
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AddressWe Lend Closes $1.215M Bridge Loan For Multifamily Project In Houston, TX
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