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bridgemultifamily
$11,750,000
Bridge Loan – 96-Unit Apartment
Salem, OR
Mini-perm financing for a recently constructed 96-unit garden-style apartment. 50% occupied at application with 40-day closing. Included lease up reserves.
Deal Terms
Loan Amount$11,750,000
Term18 Mo + Extensions
RateWSJ Prime + 150 bps
LTV75%
LTC85%
Fee1% in, no exit
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