Private Loan Type
Residential Ground-Up Construction
Approx. Funding Date
Building Square Footage
Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $3,700,000 1st lien position private construction loan for a condominium building in Brooklyn, NY. Owemanco provided construction financing for the development of an 8,300-square-foot, 4-story residential condominium building in the East Flatbush neighborhood of Brooklyn, NY. The loan was additionally secured by a 3-story multi-family walkup apartment building adjoining the development. This CRE private construction loan was funded in January 2020.