$3,800,000

Bridge Loan

Williamsburg, Brooklyn

$3,800,000 bridge loan collateralized by a five-story, four-unit commercial property located on Bedford Avenue in the Williamsburg neighborhood of Brooklyn. The borrower originally closed on the property all-cash and utilized the W Financial loan to recoup a portion of their equity. The borrower is an experienced real estate owner and developer who plans to renovate the property and to then lease the units at market. Once fully stabilized the borrower intends to refinance the bridge loan with conventional financing.