$15,475,000

Bridge Loan

Bridgeport, Connecticut

W Financial has provided a $15,475,000 first mortgage bridge loan secured by a 12-story, 120-unit multifamily property located in Bridgeport, Connecticut. The borrower utilized the loan proceeds to refinance a construction loan. W Financial closed this time-sensitive loan requirement in 5 days. The borrower plans to satisfy W’s loan by refinancing with a conventional lender once the property has been fully leased.