New Haven, CT Edgewood Capital Advisors, a national commercial real estate bridge lender based in Southport, Conn., has closed a $3.5 million bridge loan on a portfolio of multifamily properties in the city.
This loan is secured by eight properties totaling 30 units with proceeds used to pay off existing debt, pay closing costs, and provide working capital. The borrower is a successful, local real estate investor and entrepreneur.
Founded in 2002, Edgewood Capital is a private real estate firm that provides senior debt, mezzanine and preferred equity to real estate entrepreneurs. Edgewood has funded over $900 million of real estate debt since 2010.
The principals of Edgewood Capital have institutional finance backgrounds averaging over 20 years of experience structuring and closing complex real estate transactions.