NewPoint Real Estate Capital Provides $61M Bridge Loan For Multifamily Property In Chester Springs, PA | 240 Windgate Drive | NewPoint Real Estate Capital | Morris Betesh, Alex Bailkin | MultiFamily | Loan

Summary

Loan

PENNSYLVANIA

MultiFamily

2,580 sqft

The multifamily property located at 240 Windgate Drive in Chester Springs, PA has been involved in a closed transaction. The property consists of 172 units and is situated in the market of Chester Springs.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $61,000,000
Address: 240 Windgate Drive, Chester Springs, PA
Market: Chester Springs, PA
Units: 172

The lender for this transaction was NewPoint Real Estate Capital, while Rose Valley Capital acted as the landlord. The brokers involved in the deal were Morris Betesh and Alex Bailkin from Meridian Capital Group.

This bridge loan was provided by NewPoint Real Estate Capital, enabling the transaction to proceed smoothly.

Players

All
4

Agents
2
Agencies
1
Lenders
1

Morris Betesh

Senior Managing Director

$754.4M Sold

Alex Bailkin

Vice President

$668.9M Sold

Meridian Capital Group

NewPoint Real Estate Capital

Details

Deal Summary

FINANCED

IMAGE: Morris Betesh & Alex Bailkin DATE: 06/16/2022 ADDRESS: 240 Windgate Drive MARKET: Chester Springs, Pa ASSET TYPE: Multifamily ~ UNITS: 172 LENDER: NewPoint Real Estate Capital LANDLORD: Rose Valley Capital BROKERS: Morris Betesh & Alex Bailkin - Meridian Capital Group LOAN AMOUNT: $61,000,000 LOAN TYPE: Bridge Loan

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Address240 Windgate Drive

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