$850,000 bridge loan secured by a first mortgage on a three-story mixed-use property located in downtown New Haven, Connecticut. The property, built in 1900, consists of five residential units above 9,387 square feet of ground floor retail along Chapel Street. The loan proceeds were used to acquire the property, perform $20,000 of capital improvements to the building, and establish an interest reserve. Edgewood’s loan was paid back in full in November of 2016.
