Latest Transaction


Location

Passaic, NJ

Property Type

Retail/Multifamily

Loan Type

First Mortgage

Amount

$2,950,000

Need: The Sponsor was looking for a Bridge Refinance on the property with additional proceeds to be utilized towards the conversion of the second and third floors into 20 apartment units.

Solution: Verus Commercial Real Estate Finance was able to provide a 12-month bridge loan with proceeds allocated towards the renovation of the second and third floors.

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