Stormfield Capital Provides $6.3M Bridge Loan For Multifamily Property At 148 River Ford Pkwy In Asheville, NC

The multifamily property located at 148 River Ford Pkwy in Asheville, NC was recently involved in a closed transaction. The property spans approximately 56,104 square feet and consists of 115 units, making it an attractive investment in the local market.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Date: 09/15/2022
• Address: 148 River Ford Pkwy, Asheville, NC
• Market: Asheville, NC
• Square Footage: 56,104
• Number of Units: 115
• Lender: Stormfield Capital
• Loan Representatives: Daniel Heetmann & Wesley Carpenter
• Landlord: Andrew Abdul-Wahab
• Broker: Alexandra Yellin - Half Moon Investments LLC
• Loan Amount: $6,337,500
• Loan Type: Bridge

The transaction involved Stormfield Capital as the lender, represented by Daniel Heetmann and Wesley Carpenter. The landlord of the property is Andrew Abdul-Wahab. The broker who facilitated the deal was Alexandra Yellin from Half Moon Investments LLC.