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Benefit Street Partners Realty Trust Originates $115 Million Bridge Loan on 400+ Unit Queens Apartment Complex – NEW YORK–(BUSINESS WIRE)–Benefit Street Partners Realty Trust, Inc. (“BSPRT”) provided an $115,500,000 loan to the owner of a 400+ unit multifamily apartment building with commercial space and a.
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Bridge loan – Wikipedia – A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs.
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