This was a purchase of an apartment complex with an occupancy lower than 85% – and thus could not qualify for conventional financing. However, we were able to get the deal done with a bridge loan source that closes quickly. Once this proven operator restores the building to full occupancy, it will be easy to move this loan into a conventional loan. These are the easiest bridge loans for us to do and we can really perform well on these anywhere in the country. Give us a call at 888-959-1648 on your next apartment deal, we can get it done for you!