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Deal Details
Private Loan Type
Commercial Ground-Up Construction
Approx. Funding Date
03/24/2022
Property Type
Portfolio of Commercial Properties
Property City
Brooklyn and Staten Island
Property State
NY
Loan Term (months)
12
Lien Type
1st and 2nd
Payment Type
Interest Only
Loan-to-Completed Value
41%
Occupancy at Closing
Tenant-Occupied
Exit Strategy
Refinance
Deal Summary
Owemanco completed a $7,650,000 refinance securing a portfolio of five commercial assets situated within Brooklyn and Staten Island, New York.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans