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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/31/2019
Property Type
Property City
Pittsburgh
Property State
PA
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