 |
| David Heiden |
NEW YORK, NY -- W
Financial, a Manhattan-based private bridge lender, has provided a $17,000,000
mezzanine loan collateralized by the borrower’s ownership interests in various
cash-flowing multifamily properties located throughout Brooklyn and Long
Island.
The borrower is a
successful local real estate investor who was scheduled to close on a
time-sensitive acquisition and required the funds in order to close on time.
W Financial was able to
offer a creative solution to quickly free up some of the borrower’s equity
providing the liquidity he needed to close on his time-of-the-essence
acquisition.
The borrower plans to repay the W Financial loan by either selling
or refinancing a portion of his portfolio.
W Financial will also
consider providing re-hab and construction loans for experienced developers, as
well as mezzanine financing on well-located, cash-flowing properties. We will
consider providing joint venture equity on cash-flowing properties on a case-by-case
basis.
Call me to discuss or
contact my partner David Heiden |
david@w-financial.com (212) 684-8484, or contact our Senior Loan Officer Jarret Schochet |
jarret@w-financial.com (212) 684-2205 to discuss your new bridge loan
scenarios.
For a complete copy of the company’s news release,
please contact:
Gregg Winter - Founder & Managing Partner
W Financial Fund, LP
Special Situation
Financing for Commercial Real Estate ®
149 Madison Avenue,
Seventh floor
New York, NY 10016
Phone: 212 532-9170
Email:
gregg@w-financial.com
http://www.w-financial.com
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