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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
06/15/2016
Property Type
Multifamily
Property City
Brooklyn
Property State
NY
Interest Rate
%
Origination Points
%
Deal Summary
The Property is a 4-story, 16-unit walk-up apartment building in the Crown Heights neighborhood of Brooklyn. The purchase price was $3.4MM so the loan-to-cost is 58%, and the loan term is 24 months.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans