Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has provided a $5.75-million bridge loan for the Penn Grand Apartments, a 105-unit garden-style community is located in Downtown Oklahoma City.

The two-year, interest-only loan features an all-in rate of 10.50% and an LTSV of 61.36%. Red Oak Regional Manager Nick Jans originated the loan alongside Senior Underwriter Thomas Gorski and CRE Loan Administrator James Myatt. Sean Reilly of Regions Bank brokered the transaction on behalf of the borrower, Gideon Properties, a distressed asset investor with a $60-million, 116-property portfolio.