Offset Capital Announces $20.5MM Bridge Loan in the Inland Empire

NEW YORK, NY — Offset Capital is pleased to announce the closing of a $20.5MM floating-rate loan secured by a 60-unit, townhome-style multifamily property in Ontario, CA.

Proceeds will be used to pay off a defaulted loan, complete deferred maintenance and unit upgrades, construct five additional units, fund reserves, and cover closing costs.

Offset Capital is a commercial real estate lender offering a range of full capital stack solutions, including senior bridge loans, mezzanine financing, and preferred equity investments.

For more information on the transaction, please contact Offset Capital at info@offsetcap.com or view Offset Capital’s lending capabilities here.