Inner Circle Capital Advisors successfully arranged a bridge-to-bridge financing for a 40-unit multifamily property in Birmingham, AL. The project involves a total gut renovation, including the demolition of two existing buildings and the full redevelopment of the site. Despite these complexities, Inner Circle Capital structured a financing solution that met the borrower’s needs, providing the necessary funding to move forward. The loan covers existing debt payoff, closing costs, interest reserve, and ~93% of the capex required for project completion. With this financing in place, the borrower is well-positioned to transform the property into a modern, high-quality multifamily community.

Capital Advisors: Andrew Bouton and Chris Peters