Recently Funded $4.5M Commercial Bridge Loan in Alabama, Apartment Complex
An 85-unit apartment complex located in Alabama had its commercial loan successfully closed for the owner. The principal required a cash infusion in order to commence renovation works on approximately 21 units. These units were previously vacant as a result of deferred maintenance. By obtaining a highly competitive loan rate, our client was able to access the necessary funds and has already begun the rehabilitation process for the units. The ultimate aim is to lease out these units and consequently enhance the building’s overall cash flow and returns.