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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
11/15/2018
Property Type
Multifamily
Property City
Queens
Property State
NY
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Neighborhood
Ridgewood
Number of Units
6
Building Square Footage
5,600
Deal Summary
IceCap Group, a direct private lending firm, funded a $2,400,000 1st lien position bridge loan secured by a multifamily property in Queens, New York. The subject property consists of a 3-story, walk-up, multifamily building containing 6 residential units. It is approximately 5,600 square feet of gross building area above grade and is located in the Ridgewood neighborhood of Queens. This refinance bridge loan was funded in November 2018.
Funded By
IceCap Group
Flexible & Friendly Funding for Property Investors Across the Country