EBSC: EBSC Lending has successfully closed a $19.5 million first mortgage bridge loan, which will be utilized to refinance and lease up a newly completed 57-unit multifamily project in Milwaukee, Wisconsin

MILWAUKEE, Feb. 21, 2025 (GLOBE NEWSWIRE) -- EBSC Lending has successfully closed a $19.5 million first mortgage bridge loan, which will be utilized to refinance and lease up a newly completed 57-unit multifamily project in Milwaukee, Wisconsin. The development also includes ground-floor commercial space.The property consists of five units designated for low-income housing, 41 one-bedroom lofts, a one-bedroom penthouse, and four studio units. Each unit features high ceilings, a full suite of appliances including in-unit washer and dryer, and large floor-to-ceiling windows. Additionally, 47 of the units come with balconies or patios. The property also boasts 3,182 square feet of commercial space ...Full story available on Benzinga.com