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Recent Transactions
Acquisition Loan
Atlanta, GA
Loan Amount
$17,600,000
This funding enabled the acquisition of four office buildings, totaling 563,000 square feet (52,300 square meters), situated on 28.9 acres (117,000 square meters) of land. Despite the current 52% occupancy, these offices generated a noteworthy $5 million Net Operating Income (NOI) in 2023.
The borrower secured this property at a very attractive price of $34.5 million through an expedited process with Wells Fargo Bank. This opportunity arose following the default of the previous borrower on its $60 million loan from the bank.
Bridge Loan
Bronx, NY
Loan Amount
$3,500,000
Refinancing of existing Loans and additional Loan to borrower. Sponsor is completing construction of a rental building consisting of 14 residential units (approximately 13,000 SF) with expected NOI $448K per annum.
Cash Out Loan
Holyoke, MA
Loan Amount
$1,045,000
Experienced buy‐and‐hold multi-family investor requires a bridge loan to recoup equity held in a 4‐property, 51‐unit portfolio (49 residential units / 2 commercial units) in Holyoke, MA. The borrower has historically specialized in acquiring multi‐family real estate in Holyoke via foreclosures & short sales.
Cash Out Loan
Brooklyn, NY
Loan Amount
$1,535,000
Real estate investor seeks to pull out equity from a free-and clear, 4-over-2 mixed-use investment property in Brooklyn, NY. The sponsor will use the proceeds to payoff his brother's portion of ownership in the property, take out additional cash-out, and complete renovations to the building, namely roof repair, HVAC tune-up, fresh paint, and kitchen cabinetry updates. He will get the commercial units occupied and secure conventional financing as an exit.
Cash Out Refinance Loan
Dallas, TX
Loan Amount
$1,650,000
Experienced airBnB operator wishes to cash out of an operating multi-family in Dallas,TX. The property was recently renovated and is in compliance with Dallas' airBnB laws.
Inventory Loan
Brooklyn, NY
Loan Amount
$5,850,000
Borrower completed project and needed to refinance and increase bank loan to enable him to carry the loan for an additional 6-12 months.
Construction Loan
Brooklyn, NY
Loan Amount
$2,450,000
Experienced Brooklyn developer required loan to finance the construction of a condo project. Loan is disbursed based on construction using external inspection company. Project is fully capitalized.
Value Add Multi Family Loan
Waterbury, CT
Loan Amount
$2,500,000
experienced borrower purchased a multifamily portfolio. Needs a 12-month loan to upgrade the units, increase rent and refinance with a conventional bank.
