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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
01/23/2024
Property Type
2-4 Units Residential
Property City
Brooklyn
Property State
NY
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$895,000
Previous Loan Balance
$250,000
Loan-to-Value
60%
Location Type
Urban
Property Condition
Fair
Occupancy at Closing
Tenant-Occupied
Number of Units
2
Building Square Footage
2,700
Borrower's Plan
Rehab and Rent
Exit Strategy
Refinance
Borrower Credit Rating
Fair
Interest Rate
15%
Broker Commission
$16,000
Funded By
Tower Fund Capital
Direct Lender for Purchase & Refinance Bridge Loans