- Loan Amount: $3,710,100
- Loan Term: 3 YR
- LTV: 75%
Multifamily Property In Brooklyn, NY
- Loan Type:
- Bridge Loan
- Loan Amount:
- Loan Term:
- 1 YR
- Interest Only
• This is a new development property that sits in the gentrified Greenpoint neighborhood.
• Due to vacancies and delays in construction the borrower was looking to reduce their rate by taking out their current lender.
• This one-year, interest only, fixed rate term loan was structured to provide further capital to complete construction and fill vacancies in the complex.
• We were able to provide surety of execution and give them the time to stabilize the property.
Subscribe to Our Newsletter
Stay up to date on the latest CRE news and trends