Equity Cash-Out Portfolio Loan For Commercial and Residential Properties in New York City, New York

Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date


Property Type
2-4 Units Residential
Single Family Residence
Property City

New York 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 $1,250,000 1st lien position equity cash-out loan secured by residential and commercial properties in New York City, NY. A loan to a prolific New York Real Estate Landlord who used the proceeds for working capital for his enterprise and collateralized 4 properties comprising Residental and Mixed-use Properties situated in Upstate New York, Queens, and New Jersey. This equity cash-out loan was funded in January 2020.

Funded By

Ontario Wealth Management Corporation

Direct Lender for Commercial Real Estate Bridge Loans