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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
04/01/2019
Property Type
Property City
Southampton
Property State
NY
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Carlyle Capital, a private money lender, funded a $1.2MM 1st lien position private money loan secured by a residential property in Southampton, Long Island, NY. The property is used as a religious facility. An Orthodox Jewish Chabad needed short-term financing to make some major renovations to the property. It was owned debt free, but their loan request was denied by 7 other conventional and private money lenders due to the use of the property. Carlyle was able to work with Borrowers and focused primarily on the value of the asset. We were able to help not only Chabad but its local community. This private mortgage loan was funded in April 2019.
Funded By
Carlyle Capital
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