W Financial has closed a $5,200,000 bridge loan on a 66-unit multi-family property located on Hidden Springs Drive in Clarksville, Tennessee. The borrower owned the Nashville-area property free-and-clear, but required a quick closing in order to fund another project that they were acquiring. The Borrower expects to refinance with a Fannie Mae permanent loan. W Financial’s loan was freely prepayable. This deal closed in late May 2020 during the pandemic.
We are traveling nationally and still closing deals in as fast as one week during the pandemic.