Institutional Refinance Loan for a Commercial Property in Pittsburgh, Pennsylvania

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 $1,500,000 1st lien position bridge loan secured by a commercial retail property in Pittsburgh, PA. Owemanco provided institutional refinancing to the Borrower secured by 3-story contiguous buildings operating as a restaurant and sports bar on the first and second floors, and a shell unit on the third floor in Pittsburgh, PA. The loan was additionally secured by a 1,800-square-foot semi-detached townhome in Boca Raton, FL. This CRE refinance bridge loan was funded in May 2019.

Funded By

Ontario Wealth Management Corporation

Direct Lender for Commercial Real Estate Bridge Loans