Commitment Issued! $1,585,000 Bridge Loan
Investment Info:
Large multi-family (5+ units) hard money loan investment in Middletown.
Purchase price: $1,585,000
Cash invested: $545,000
Bridge Loan provided by Superior Mortgage & Gem Star Capital on a 12 unit mixed use building (10 Residential Apartments & 2 Commercial Units) $1,585,000 Purchase Price and a $1,040,000 Loan Amount. Not easy to find traditional commercial financing in this environment due to COVID but with excellent buyers along with experienced and persistent loan professionals, anything is possible!
How did you finance this deal?
Bridge Loan
