$11,000,000

Bridge Loan

Williamsburg, Brooklyn
Repeat Borrower

$11,000,000 First Mortgage Bridge Loan to refinance existing debt and to provide completion dollars for the gut renovation and conversion of a 32,000 square foot , 4-story, brick industrial building on Metropolitan Avenue in Williamsburg, Brooklyn. The completed property will have 25 apartments and six stories. Once the property is fully leased the borrower expects to refinance conventionally.