Newport Capital provided a $2.7 million bridge loan to finance the acquisition of an eight-unit multifamily property in San Bernardino, CA. The borrower was an existing client and brought the opportunity to Newport as a result of the successful relationship we've built and our ability to close. Newport's bridge loan allowed the borrower to complete improvements and increase rents, which resulted in a higher property value, allowing the borrower to refinance and pay off Newport's loan.
Newport Capital provides efficient capital to owners and developers of residential and commercial real estate assets. Contact us to discuss your financing needs and learn how we help our clients.