Short-Term Bridge Loan in Whitestone, Maspeth and Astoria, New York

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.

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

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