Bayport Funding, a direct private bridge lender, closed a $1.85M mid-construction loan to refinance a mixed-use conversion in downtown Waterbury, CT.
Originally built in 1979, the 23,797 sq. ft. project will feature 21 apartments (14 one-bedrooms, 7 two-bedrooms) and 4 retail units across three elevator-served floors.
“This redevelopment helps meet Waterbury’s growing housing demand,” said Marcia Kaufman, CEO of Bayport Funding.
Read the full article here on ConnectCRE