Red Oak Capital Holdings, LLC has provided a $15.5-million bridge loan for Minnesota Commons Apartments in Washington, D.C.
Ken Wood, Red Oak’s Regional Manager-Northeast, originated the debt, which was underwritten and administered by Hermann Wendorff, Senior CRE Underwriter, and Jesus Martinez, Senior CRE Loan Administrator. Steve Bowen, CEO of Your Banc Advisors, LLC, brought the loan to Red Oak on behalf of the borrowers.