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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
08/31/2018
Property Type
Multifamily
Property City
Bronx
Property State
NY
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Neighborhood
West Farms
Number of Units
11
Building Square Footage
4,554
Deal Summary
IceCap Group, a direct private lending firm, funded a $1,500,000 1st lien position bridge loan for the acquisition of a multifamily property in the West Farms neighborhood of the Bronx, New York. The property consists of a 3-story, walk-up, multi-family building containing 11 residential units. It is approximately 4,554 square feet of gross building area above grade. This purchase bridge loan was funded in August 2018.
Funded By
IceCap Group
Flexible & Friendly Funding for Property Investors Across the Country