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| Bedford Avenue Commercial Property, Williamsburg Neighborhood, Brooklyn, NY |
NEW YORK, NY -- W Financial has provided a $3,800,000 loan
collateralized by a four-story, four-unit commercial property located on
Bedford Avenue in the Williamsburg neighborhood of Brooklyn.
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| David Heiden |
The borrower had originally closed on the property all-cash
and utilized the W Financial loan to recapture a portion of their equity.
W's borrower is an experienced real estate owner and
developer who plans to renovate the property and then lease the units at market
rents.
Once the property is fully stabilized the borrower intends to refinance
the bridge loan with conventional financing.
W will also consider providing re-hab and construction loans
for experienced developers, as well as mezzanine financing on well-located,
cash-flowing properties.
For investment information, please call 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: 212 532-1122 x1
Email: gregg@w-financial.com
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