Direct Money Market Closes $1,200,000 Multifamily Bridge Loan in Florida

19 Nov Direct Money Market Closes $1,200,000 Multifamily Bridge Loan in Florida

Loan Amount: $1,200,000
LTV: 75%
Location: Lakeland, FL
Loan Type: Bridge–Multifamily

Direct Money Market is proud to announce the closing of a $1,237,500 bridge loan to acquire a 28 unit multifamily property in Lakeland, FL. Borrower needed a quick close after their previous lender didn’t perform. Direct Money Market was able to secure a 75% LTV loan at 10.5% interest that closed in just 12 days that required minimal documentation.

Direct Money Market is a leader in securing commercial real estate financing for all types of projects nationwide including hotels, apartments, portfolio loans, new development, residential subdivisions, and more. For a free loan consultation please email loans@directmoneymarket.com.