BridgeInvest Funds $8.5 MM Acquisition Loan for Southeast Land Portfolio

BridgeInvest recently closed an $8.5 MM acquisition loan secured by two parcels of land in Raleigh, North Carolina and Nashville, Tennessee. The Portfolio will be developed as multifamily projects comprising over 800 units with single-family and townhome building designs. The project is led by Global City Communities (“Global City” or the “Sponsor”), a residential and multifamily development firm based in Miami. Global City provides attractive and affordable workforce housing options throughout historically underserved markets across the Southeast U.S., Texas and Washington, DC. As a previous borrower of BridgeInvest’s, the Sponsor approached BridgeInvest directly to achieve an expedited closing.

Transaction Highlights

New Markets. This deal marks BridgeInvest’s first loan in both the Raleigh and Nashville markets as the company looks to continue its strategic expansion within its core Southeast geography.

Quick Execution. BridgeInvest closed the transaction in just 10 days despite the challenges of structuring a loan across two properties in two states.

Repeat Borrower. Global City trusted BridgeInvest’s previous track record of closing complicated transactions in an efficient and expeditious manner.

About Us

BridgeInvest is a balance sheet lender focused on providing short-term, senior-position commercial real estate bridge loans targeting opportunistic and value-add transactions in the Southeast and Central U.S. BridgeInvest has financed well over $1.0 billion of properties and specializes in deals with limited or no cash flow, customized terms and short execution windows.