Private Loan Type
Approx. Funding Date
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.