Bridge loan for 89-unit multifamily property closes in one week.
McBride Capital is pleased to announce that the acquisition financing for Susan Marie Apartments has closed. Due to unforeseen circumstances, McBride Capital was contacted 7 business days prior to the purchase date, with no extension options available. Our team quickly identified a lender, and then worked fastidiously with them and the borrower to facilitate an on-time close.
The 12-month bridge facility was originated by Sabrina Snow and placed with a private lender. The loan will be replaced with long-term agency debt.
Susan Marie is an 89-unit multifamily community in Aloha, OR. The property is situated close to Nike and Intel and enjoys ample green space and a quiet stream.