Latest Transaction


Location

Bronx, New York

Property Type

Mixed-Use Property

Loan Type

First Mortgage

Amount

3,500,000

Need:  The Sponsor needed a bridge loan to refinance out of their current debt and payoff ECB/DOB violations.

Solution: Verus Commercial Real Estate Finance issued a 12-month bridge loan with proceeds to be utilized to payoff building violations and refinance the existing first mortgage.

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