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Top California Lender Closes $12.4 Million Multifamily Bridge Loan in Austin, Texas, Supporting Value-Add Strategy
- Filmon Gebre
- 2 days ago
- 2 min read
Austin, TX — January 27, 2026 — Top California Lender, a leading private lender specializing in commercial real estate finance, announced today the closing of a $12.4 million multifamily bridge loan in Austin, Texas, reinforcing the firm’s growing presence in high-demand Sun Belt markets.
Top California Lender provided the financing to a regional Texas-based sponsor with a proven track record in multifamily value-add projects, enabling the acquisition and repositioning of a 92-unit multifamily property. The loan supported the purchase, renovation budget, interest reserve, and closing costs, structured at 73% LTC and 65% as-is LTV on a 24-month term with extension options. The sponsor plans to execute a comprehensive value-add business plan, including interior unit upgrades, amenity enhancements, and operational improvements designed to optimize occupancy and cash flow. The transaction closed in just 18 business days, giving the borrower certainty of execution in a competitive market, with the intention to refinance into agency or permanent debt upon stabilization.
“As traditional capital sources continue to tighten and extend timelines, private lenders play a critical role in helping sponsors execute their strategies efficiently,”
said Jerry Dean, CEO of Top California Lender.
“Austin’s multifamily market remains one of the most dynamic in the country, and we are proud to support experienced operators who are driving improvements and creating value in high-demand communities.”
This closing highlights Top California Lender’s commitment to providing flexible, responsive, and institutional-quality financing solutions across multifamily, mixed-use, industrial, and other commercial real estate sectors nationwide.
About Top California Lender
Top California Lender is a private commercial real estate lender providing bridge, construction, and value-add financing across multifamily, industrial, mixed-use, and other commercial property types. The firm partners with institutional and middle-market sponsors seeking certainty of execution, speed, and flexibility in today’s evolving credit environment.
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