Private Loan Type
Approx. Funding Date
Ontario Wealth Management Corporation, a Toronto-based commercial real estate loan origination and servicing company, funded a $1,300,000 1st lien position bridge loan secured by commercial properties in Central Valley, NY. Owemanco provided institutional refinancing of a defaulted business loan secured by automotive retail and service dealership in Woodbury, Upstate New York. The loan was additionally secured by a 6,300-square-foot redevelopment site in Long Island City at the corner of a busy commercial district. This CRE refinance bridge loan was funded in May 2019.