Multi-Family Bridge Loan
Advisors:
Daniel Yeghiazarian
City: Camas
State: Washington
Lender type: Bank
Property type: Multi-Family
Transaction type: Bridge
Loan amount: $10,000,000
TRANSACTION DESCRIPTION
Daniel Yeghiazarian of Barry Slatt Mortgage Company recently arranged a bridge loan of $10,000,000 secured by the 54-unit Plaza Lofts in the Pacific Northwest.
The financing, sourced through one of Barry Slatt Mortgage Company's national bank lenders, provided the private investor with an interest-only term and a loan structure that met the property's needs in order to assist with stabilization. The Lender fully funded the loan despite having a TCO allowing partial occupancy of the property at the time of close.
