Acquisition and Refinance Bridge Loan for Industrial Property in Brooklyn, New York

Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City


Property State


Lien Type

1st Mortgage

Payment Type

Interest Only

Deal Summary

Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $5,500,000 1st lien position bridge loan for an industrial property in Brooklyn, NY. Proceeds were used to refinance an institutional loan secured by a 12,000-square-foot industrial building in Prospect Heights, and additionally, provide acquisition capital to purchase an 11,000-square-foot industrial building in East Flatbush. This bridge loan was funded in February 2020.

Funded By

Ontario Wealth Management Corporation

Direct Lender for Commercial Real Estate Bridge Loans