$600,000

Bridge Loan

Greenpoint, Brooklyn

W Financial has provided a $600,000 first mortgage bridge loan secured by a two-family home located on Nassau Avenue in the Greenpoint neighborhood of Brooklyn. The building is fully occupied and comprised of approximately 3,000 square feet.

The borrower needed to close a bridge loan in a timely manner in order to refinance an existing loan and plans to refinancing the bridge loan with a conventional bank in the near future.