Latest Transaction


Location

Yonkers, NY and New Rochelle, NY

Property Type

Mixed-Use Portfolio

Loan Type

Acquisition / Refinance

Loan Program

Short-Term Bride Loan

Amount

$4,250,000

Need:

The Borrower requested funds to refinance the Yonkers property and recapture equity for the acquisition of the New Rochelle property.

Solution:

VCREF provided flexibility to the Borrower by pulling equity from one property in order to acquire another.

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