Hard Money Loan for Mixed-Use Property in Ocean Hill, Brooklyn, New York

Funded by IceCap Group

$600,000

Deal Details

Private Loan Type

Purchase

Approx. Funding Date

09/14/2018

Property Type
Mixed-Use
Property City

Brooklyn

Property State

NY

Lien Type

1st Mortgage

Payment Type

Interest Only

Property Neighborhood

Ocean Hill

Building Square Footage

3,250

Deal Summary

IceCap Group, a direct private lending firm, funded a $600,000 1st lien position hard money loan for the acquisition of a mixed-use property in the Ocean Hill neighborhood of Brooklyn, New York. The property consists of a 2-story, walk-up, mixed-use building containing 1 residential unit and 2,400 square feet of commercial space. The property contains 3,250 square feet of gross building area above grade. This purchase bridge loan was funded in September 2018.

Funded By

IceCap Group

Flexible & Friendly Funding for Property Investors Across the Country