$70 Million Commercial Real Estate Bridge Loan – 801285

Bid Date: ASAP, earlier interest will have priority

MIAC Analytics is pleased to announce the offering of a Senior and Mezzanine Financing for refinancing and redevelopment of a multifamily property located in the northeastern united states. The seller is a commercial bridge loan lender.

Investment Opportunity:

  • Property Type: Multifamily (210 Units)
  • As Complete/Stabilized Value: $84,300,000
  • As-is Value: $77,750,000
  • Total Principal Balance: $70,000,000
  • Loan to value:
    • Senior:     ($54,450,000) – 70% (As-is) 65% (Stabilized)
    • Mezz:       ($15,550,000) – 65% (As-is) 18% (Stabilized)
  • Financed Improvements: $5,500,000
  • Proposed WAC (8/31): 11.756%, Adjustable
  • Index + Margin:
    • Senior:    30 Day SOFR + 6.0%
    • Mezz:      30 Day SOFR + 8.0%

Find out more

Learn more about MIAC Whole Loan Sales & Brokerage

Contact

For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250

Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com

Nicholas Dorn
SVP, Whole Loan Sales, Trading
(561) 346-6814
Nicholas.Dorn@miacanalytics.com