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Short-Term Bridge Loan in Brooklyn, NY

Need

The Sponsor was seeking a Bridge loan to provide proceeds towards the renovation of a Brooklyn brownstone into a 2-unit condominium property.

Solution

Verus Commercial Real Estate Finance was able to issue a 12-month bridge loan which included proceeds to complete the renovation of the property.

  • Location: Brooklyn, NY
  • Property Type: 4-Unit Condo Building
  • Loan Type: Renovation
  • Loan Program: Short-Term Bridge Loan
  • Amount: $2,500,000

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