Latest Transaction


Location

Staten Island, NY

Property Type

Office Building

Loan Type

Acquisition

Amount

$1,865,000

Need: The Sponsor was looking for a Bridge Loan to acquire a 18,528-sf vacant office building in Staten Island, NY. The Sponsor was seeking to complete minor improvements to fully lease up the property.

Solution: Verus Commercial Real Estate Finance was able to issue a 12-month bridge loan and include proceeds for the acquisition as well as capital and tenant improvements.

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