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Short-Term Bridge Loan in Brooklyn, NY


Verus Commercial Real Estate Finance was approached by an active investor in the Brooklyn area looking to obtain financing on a renovation and conversion to condominium project.  The Sponsor was looking for proceeds to finance the remaining cost of renovation and complete the project of a single-family townhome to a two-unit condo building.


Verus Commercial Real Estate Finance worked with the Sponsor to arrange a 12-month term and include a renovation budget to complete the remaining work.

  • Location: Brooklyn, NY
  • Property Type: Two-Unit Condo Building
  • Loan Type: Refinance
  • Loan Program: Short-Term Bridge Loan
  • Amount: $3,500,000

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