Van Nest
place BRONX, NY
$420,000
Throgs Neck
place BRONX, NY
$350,000
Harlem
place NEW YORK CITY, NY
$825,000
Van Nest
place BRONX, NY
Loan Type Construction
Loan to Value (LTV) 47%
Loan to Cost (LTC) 100%
Loan Amount $420,000

DESCRIPTION

Two-family in Van Nest section of Bronx, NY cross-collateralized with Yonkers, NY multi-family investment property.

Throgs Neck
place BRONX, NY
Loan Type Cash Out/Refinance
Loan to Value (LTV) 35%
Loan to Cost (LTC)
Loan Amount $350,000

DESCRIPTION

Senior mortgage secured by 12 unit residential building in the Throgs Neck section of Bronx NY. The owner is a local builder that needed to free up equity to support other ongoing projects.

Harlem
place NEW YORK CITY, NY
Loan Type Construction
Loan to Value (LTV) 40%
Loan to Cost (LTC)
Loan Amount $825,000

DESCRIPTION

Cash-out senior mortgage on multifamily building in Harlem section of New York City. Proceeds used to pay off existing liens and update apartments to attract market rate rents.