We are proud to announce the successful closing of a $3.87 million bridge loan on a fully leased 21-unit Class B+ townhome community located in Allamuchy Township, Warren County, New Jersey. This transaction underscores our ability to deliver high-leverage, time-sensitive bridge financing for stabilized multifamily assets with clear and executable exit strategies.
The Property at a Glance
The subject property spans approximately 38,200 square feet and consists of two-story townhome units, each featuring private garages and modern in-unit amenities. Positioned within a desirable New Jersey submarket, the asset benefits from strong regional employment drivers, consistent tenant demand, and long-term multifamily fundamentals that continue to support occupancy and rent stability.
Financing Structure
The bridge loan was structured to meet the sponsor’s precise capital needs while preserving flexibility ahead of a planned permanent refinance already underway:
- Loan Amount: $3.87MM
- Loan-to-Value: 70% LTV
- Rate: 9.5% interest-only
- Lender Fee: 2.0%
- Asset Type: Stabilized multifamily (Class B+)
- Exit Strategy: Near-term permanent refinance in process
This structure provided efficient leverage without compromising execution certainty, an essential factor for sponsors operating under tight timelines.
Meeting Critical Timing Objectives
The sponsor required speed of close, high leverage, and absolute certainty of execution to meet critical year-end timing objectives. Traditional lenders were unable to move quickly or structure the required leverage, creating a need for a reliable private capital solution.
What This Closing Demonstrates
This transaction highlights our core strengths in the private and bridge lending space:
- Rapid execution of time-sensitive multifamily transactions
- High-leverage bridge capital for stabilized assets
- Flexible interest-only structures that preserve cash flow
- Clear alignment with sponsor exit strategies
- Reliable capital when banks and conventional lenders fall short
Looking for Bridge Capital?
If you’re acquiring, refinancing, or repositioning a multifamily or commercial asset and need fast, flexible bridge financing, PrivateMoneyLending.com is ready to deliver. We specialize in certainty of close, even on complex or time-critical transactions.
Contact us to discuss your next bridge loan opportunity.
