Closed Deal · #35
26-Unit Multifamily in Silver Spring, MD — Multifamily Bridge
$2,750,000 · Transitional Bridge — Bridge-to-Perm
Deal terms
- Property type
- 26-Unit Multifamily
- Location
- Silver Spring, MD
- Loan type
- Multifamily Bridge
- Program
- Transitional Bridge — Bridge-to-Perm
- Leverage
- N/A
- Rate
- N/A
- Deal value
- $2,750,000
How we structured it
A $2.75M transitional multifamily bridge on a 26-unit Silver Spring asset — bridge-to-perm underwriting on the business plan and takeout, including navigation of a county subordinate / regulatory-agreement component that would stall a conventional desk.
Market-rate multifamily in the DC suburbs, not a subsidy program. The structure preserved the sponsor's existing county relationship while funding the senior bridge needed to close. Full narrative at the deal report. Figures reflect this transaction; every deal varies.
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