Short-Term Bridge Loan in Flushing, NY Long Island City, NY

Need

The Sponsor needed a bridge loan to acquire an office/industrial building in Long Island City, NY.

Solution

Verus Commercial Real Estate Finance issued a 12-month bridge loan crossed collateralized with a parking garage in Flushing, NY to provide the sponsor proceeds to purchase and renovate the building.

Location: Flushing, NY Long Island City, NY
Property Type:
Loan Type: Garage / Office / Industrial
Loan Program: Short-Term Bridge Loan
Amount: $12,300,000

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