$3.4MM – 2 multi-unit residential rentals – Brooklyn, New York

  • Loan Amount: $3,400,000
  • Broker's Commission: $34,000
  • LTV: 75%
  • Interest Rate: 8.25%
  • Term: 1 year

Description

Avatar provided a $3.4 million multifamily bridge loan for two multi-unit residential rentals in Brooklyn, New York. Once the properties stabilized with positive cash flow and a solid rental history, the borrower refinanced conventionally.

  • Loan Type: Multifamily Bridge
  • Loan Amount Range: $1M - $4.99M

This style property is located in is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.

Avatar provided a $3.4 million multifamily bridge loan for two multi-unit residential rentals in Brooklyn, New York. Once the properties stabilized with positive cash flow and a solid rental history, the borrower refinanced conventionally.

RECENT CLOSINGS

Commercial Property- Dallas, TX

$3.650MM – Commercial Property – Dallas,…

Holiday Inn Express- Cleveland, TX

$3MM – Cleveland, TX

commercial_TacomaWA

$1.3MM – Commercial Property- Tacoma, WA

CONTACT US

Let's Talk

AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

For information about loan programs or loan
requests, email us at:
[email protected]

Avatar Financial Group Logo

STAY CONNECTED

Subscribe to our newsletter for company updates & industry news:

mba_member_logo_150
BBB-ab-seal-horizontal-black-largenEW
verivest-verified-gold-small

Copyright 2021 Avatar Financial Group © All Rights Reserved. Privacy | Terms of Service | Disclaimer