$19,500,000

Bridge Loan

Columbus, Ohio

W Financial has provided a $15,000,000 bridge loan secured by a first mortgage on a 240-unit multifamily complex comprised of fifteen, two-story buildings, located in Columbus, Ohio. W’s loan also included a $4,500,000 earnout provision available to the borrower post-closing, which was funded several months after the original closing. The borrower required a bridge loan to refinance existing debt and plans to satisfy W Financials’ loan by refinancing with an agency loan.