Case Study | Pooler, GA
Investment Type
Acquisition Financing / Renovation Financing
Property Description
Multifamily
Location
Pooler, GA
Loan Amount
$2,008,500
Seasoned real estate investor required a bridge loan to acquire, renovate and stabilize a multifamily investment property. When the investor acquired the property, the rents were under market and the units were outdated. Stormfield’s loan allowed the sponsor to acquire the property below market value and make cosmetic upgrades to increase rents.
