Pensam closed a $8,500,000 preferred equity investment to support the recapitalization of The Residences at Wash Brook, a newly constructed luxury apartment community located in Bloomfield, Connecticut.
Ray Cleeman, Head of Capital Market and Lending at Pensam, commented that he was particularly excited at the opportunity to have had Pensam participate in the financing of this class “A” apartment community. He further stated that the firm has been incredibly active in providing ‘lease-up’ lending solutions which have enabled sponsors to raise additional capital as they approach TCO on their construction projects, all the way through the lease-up and stabilization process of multifamily assets.
Pensam provides structured finance solutions tailored to the unique needs of our clients with a particular focus and expertise in the multifamily sector. If you have any questions about this deal or want to explore how we can assist with your financing needs, please feel free to reach us at InvestorRelations@pensamcapital.com
