Short-Term Bridge Loan in Yonkers, NY and New Rochelle, NY

The Borrower requested funds to refinance the Yonkers property and recapture equity for the acquisition of the New Rochelle property. VCREF provided flexibility to the Borrower by pulling equity from one property in order to acquire another.

Location: Yonkers, NY and New Rochelle, NY
Property Type: Mixed-Use Portfolio
Loan Type: Acquisition / Refinance
Loan Program: Short-Term Bridge Loan
Amount: $4,250,000

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