Latest Transaction


Location

Whitestone, Maspeth and Astoria, New York

Property Type

Industrial, Multifamily, Land and Mixed Use

Loan Type

Refinance

Loan Program

Short-Term Bridge Loan

Amount

$15,500,000

Need:

The Sponsor was looking for a Bridge Refinance of his portfolio of 9 Properties.  The properties were a combination of industrial, warehouse, mixed use, multifamily, and land in Maspeth, Astoria, and Whitestone, Brooklyn.

Solution:

Verus Commercial Real Estate Finance was able to issue an 18-month bridge loan over the entire portfolio.

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