Fm Capital originates $2.7 Million Bridge Loan for Residential community in Augusta, GA
May 3, 2019
FM Capital originated a $2.7M, 12 month bridge loan for the acquisition of Glenwood Apartments, a 96-unit multifamily property located in Augusta, Georgia. Sponsorship acquired the property with plans of investing capital to upgrade the asset. The asset benefits from being within close proximity of shopping centers and restaurants while still maintaining its suburban atmosphere. Sponsorship came to FM Capital for ease of execution and closed in under two weeks.
Loan Amount: $2.72 Million
Term: 12 Months