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DPG Investments, LLC, and affiliates announced today a successful closing of a $3.75-million senior bridge financing deal for the Continental Apartments complex, a 42-unit building in Logan, Utah.
The loan was closed in 30 days from origination and is the seventh closed financing for DPG in the first quarter.
“DPG will play a critical role in 2013 in the private capital markets. DPG is forecasted to provide financing in excess of $800 million over various strategies, with $300 million of that in DPG-private real estate capital strategies,” said Dan Galvanoni, chairman of DPG Investments.