Red Oak Capital Holdings Provides $1.5 Million Bridge Loan For Community Investment Group In Norfolk

The property asset involved is a garden-style multifamily community located at 717 Guy Avenue, Norfolk, VA. The asset is part of an acquisition and reposition strategy involving 32 Fenner Apartments. The loan amount for this transaction was $1,500,000, structured as a bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Lender: Gary Bechtel - Red Oak Capital Holdings
• Landlord: Community Investment Group
• Loan Type: Bridge
• Market: Norfolk, VA

The deal was facilitated by Gary Bechtel of Red Oak Capital Holdings, representing the lender, who provided the financial backing for Community Investment Group, the landlord involved in the acquisition. This transaction showcases Red Oak Capital Holdings' role in supporting multifamily investments in the Norfolk market.