Broadshore Capital Partners Closes $32.1 Million Senior Multifamily Bridge Loan

LOS ANGELES--(BUSINESS WIRE)--Broadshore Capital Partners, LLC ("Broadshore") announced the closing of a $32.1 million floating-rate multifamily senior bridge loan secured by a newly delivered Class A multifamily community located in the Huntsville, Alabama MSA.

The loan was completed in partnership with an institutional investor with whom Broadshore maintains an active lending relationship focused on sourcing and executing bridge financing opportunities across the United States. The JLL Capital Markets team, spearheaded by Jarrod Howard, Trey Pizzitola, and Drew Lydon, served as exclusive debt placement advisor on the transaction.

"This closing represents continued momentum in the build-out of Broadshore’s institutional lending platform which has a goal of deploying at least $1 billion this year," said Russell Munn, Chief Operating Officer of Broadshore Capital Partners. "Programs like this allow us to consistently match high-quality institutional capital with well-structured transactions, even in a more selective capital markets environment."

Chris Miller, Senior Vice President at Broadshore Capital Partners, added, "This was a strong transaction supported by an institutional-quality asset, experienced sponsorship, and a capital structure designed to support execution through stabilization. We’re pleased with the outcome and the collaboration across all parties involved."

About Broadshore Capital Partners

Broadshore Capital Partners is a real estate investment manager focused on originating and managing structured debt and equity investments across high-quality commercial real estate assets in select U.S. markets. For more information visit Broadshore.com.