$10,100,000

Bridge Loan

Winston-Salem, NC

W Financial has provided a $10.1 million bridge loan collateralized by a 285-unit two-story, garden and townhouse rental community located in Winston-Salem, North Carolina. The community features a club-house, gym and swimming pool. The borrower utilized W Financial to refinance a maturing CMBS loan and is actively negotiating the sale of the property with a prospective purchaser. W Financial expects to be repaid once the property is sold.