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Short-Term Bridge Loan in Staten Island, NY

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.

  • Location: Staten Island, NY
  • Property Type: Office Building
  • Loan Type: Acquisition
  • Loan Program: Short-Term Bridge Loan
  • Amount: $1,865,000

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