In one of the Capital Region’s most significant real estate transactions of early 2026, Blue Iron Development has successfully secured a $67.5 million bridge loan for its premiere multifamily community, Elements at Saratoga Lake. Represented by Trevor Telisky, the refinance project ensures continued stability and growth for the 260-unit townhome-style asset. Located just minutes from the historic Saratoga Race Course, this sprawling 26-building community has become a cornerstone of the Saratoga Springs luxury rental market since its debut.
The complexity of a $67.5 million refinance requires a sophisticated legal approach, particularly when dealing with bridge loans designed to transition a property from construction to long-term stability. Telisky’s role was critical in managing the legal intricacies of the transaction between Blue Iron and Dwight Mortgage Trust. The deal underscores the high demand for “lifestyle” communities in Saratoga, where amenities like indoor/outdoor pools, pickleball courts, and golf simulators are now the gold standard for residential assets.
Large-scale developments require more than just a vision; they require legal advocacy that can navigate the high-stakes world of commercial finance. Whether you are seeking a full refinance of an existing portfolio or securing a bridge loan for a new acquisition, Trevor Telisky provides the steady hand and strategic counsel necessary to bring these massive deals to a successful close. Contact us today to learn how we can support your next large-scale development project.