Bridgeville Multifamily
75% LTV, 5/25
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Bridgeville
,
PA
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec93fbe_13-Unit%20Multi%20(Bridgeville%2C%20PA).png)
Amount: $
562500
StackSource Capital Advisor Huber Bongolan successfully placed permanent financing for the purchase of a 13-unit multifamily property located in Bridgeville, PA (a suburb of Pittsburgh). The Sponsor had a light value-add strategy but the strong in-place cash flow supported underwriting for a permanent loan.The lender also appreciated the Sponsor's local experience given that they own and operate 24 additional units in the area.
StackSource was able to source funds from a regional credit union relationship that was comfortable with the secondary market location. The 75% LTV loan featured a 4.25% fixed rate for a 5-year term, amortized over 25 years.
Deal Team
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